U.S. regulator says 24/7 trading is great for crypto, may not be fit for other sectors
60-second summary
The CFTC is issuing landmark approvals for crypto perpetual futures contracts, allowing 24/7 trading, but warns that this level of activity may not be suitable for other sectors. The regulator's advisory highlights the unique characteristics of cryptocurrencies, which enable high-frequency trading. This move is expected to boost crypto trading volumes and liquidity, potentially solidifying its position in the financial markets.
As the CFTC issued landmark approvals for crypto perpetual futures contracts, it explained in a related advisory that round-the-clock activity isn't right for all.