在加密货币世界里，市场永不眠息。然而，对于寻求在合规框架内管理风险的机构投资者而言，一个长期存在的痛点——"CME缺口"，如同时钟的暂停 键，在每个周末提醒着传统金融与数字资产世界之间的节奏差异。如今，这一历史性的"交易空窗期"即将被彻底终结。全球最大的衍生品交易所芝加哥商 品交易所（CME Group）已正式宣布，计划自2026年初起，将其旗下的加密货币期货与选择权产品推向24/7全天候交易模式。这不仅是对加密市场原生特 性的尊重与拥抱，更被视为传统金融体系迈向"不夜城"时代的一个标志性里程碑。 告别"交易空窗期" 根据CME集团于2025年10月发布的公告，这项变革将允许其客户通过CME Globex电子交易平台，在一周七天、每天二十四小时内不间断地交易比特币 （BTC）和以太坊（ETH）的期货与选择权合约，仅在每周保留一个短暂的系统维护窗口。 这一举措的核心驱动力，源于市场参与者日益增长的、对全天候风险管理工具的迫切需求。CME集团股票、外汇与替代产品全球主管Tim McCourt在声明 中精准地指出："并非所有市场都适合24/7运营，但随着市场参与者每天都需要管理风险，客户对全天候加密货币交易的需求持 ...

Core Viewpoint - The CFTC is seeking public input on the potential implementation of a 24/7 trading model for derivatives markets, emphasizing the need to adapt to market structure changes while ensuring participant rights and market resilience [1] Group 1: Regulatory Insights - The CFTC's request for comments aims to evaluate the advantages and risks associated with a 24/7 trading model in the derivatives market [1] - CFTC Acting Chair Carolyn D. Pham highlighted the importance of a forward-looking approach to address market structure changes [1] Group 2: Market Trends - There is a growing trend towards expanding trading hours to 24/7, 24/6, or 24/5, indicating a shift in market operations [1] - The CFTC is interested in feedback regarding the impact of continuous trading on clearing and risk management systems [1] Group 3: Risk Considerations - The consultation will focus on potential risks related to market integrity, customer protection, and retail trading in a 24/7 environment [1] - Challenges faced by clearing systems in a continuous operation environment will also be a key area of discussion [1]