CFTC issues guidance on 24/7 trading regulation, emphasizing that encrypted derivatives are more suitable for 24/7 trading According to BlockBeats, on May 29th, the Clearing and Risk Department, Market Supervision Department, and Market Participants Department of the US Commodity Futures Trading Commission (CFTC) jointly issued staff guidance on matters related to 24/7 trading, clearing, and settlement. Given the growing interest in round the clock trading models in the market, the CFTC has expressed its desire to encourage responsible innovation in the market while reminding designated contract markets, swap execution facilities, derivative clearing institutions, and futures commission merchants to fulfill their obligations under the Commodity Exchange Act and related regulatory regulations. This guidance emphasizes the regulatory responsibilities and staff expectations that institutions planning to conduct 24/7 trading and clearing business should undertake, and discusses the differences that need to be considered when evaluating the applicability of 24/7 trading, clearing, and settlement for different asset categories. For example, the CFTC points out that derivatives based on cryptocurrency assets may be more suitable for 24/7 trading due to their digital infrastructure and global market coverage; However, other derivative markets such as agricultural products may not be suitable for round the clock trading due to factors such as customer base, regional attributes, and specific trading and hedging needs. The CFTC states that registration agencies should take proactive measures to ensure that the market continues to develop while complying with the Commodity Exchange Act and relevant regulatory requirements. [Original link]