CFTC follows 24/7 encryption derivatives trading and considers including stablecoins in the scope of Collateral.

robot
Abstract generation in progress

According to crypto journalist Eleanor Terrett, Caroline Pham, acting president of the U.S. Commodity Futures Trading Commission (CFTC), said that all of the public comment proposals the agency has received on 24/7 derivatives and perpetual contract trading have only involved cryptoasset products and not traditional commodities. In a presentation this week, Pham noted that the CFTC sees potential benefits for round-the-clock trading, including the ability to respond to unexpected events in real-time over the weekend, which is significant for risk managers. She cites the recent launch of 24/7 Bitcoin futures on a trading platform as an example, saying that its weekend trading volume is already on par with that of an active weekday. Notably, the CFTC is also considering tokenized assets and stablecoins as collateral to address credit risk in the 24/7 market. Regarding perpetual contracts, the CFTC confirmed that they are already trading in the U.S. market, and a platform launched Bitcoin perpetual futures in April. Some commentators want more crypto perpetual contracts to operate under US regulation, citing greater efficiency and lower costs; But there are also warnings that these contracts may not apply to physical commodities due to a lack of convergence and additional risks.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 5
  • Share
Comment
0/400
GateUser-2fce706cvip
· 20h ago
The trend has already taken shape.
Reply0
DaoResearchervip
· 20h ago
Innovation Proposal for Regulatory Mechanisms!
Reply0
DaoGovernanceOfficervip
· 20h ago
Regulatory arbitrage begins now.
Reply0
PumpStrategistvip
· 20h ago
Regulation is seizing the opportunity.
Reply0
PumpAnalystvip
· 20h ago
Next market maker for stablecoin
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)