ICE seeks equal rules for 24/7 onchain perpetual futures

ICE urges regulators to let traditional exchanges offer 24/7 onchain perpetual futures, citing current restrictions and rising demand for blockchain-based derivatives.

Jeffrey Sprecher, CEO of Intercontinental Exchange (ICE), is advocating for equal regulatory treatment for traditional exchanges seeking to enter the onchain perpetual futures market. ICE has held discussions with Hyperliquid and other decentralized derivatives platforms to explore collaborations and better understand the sector. Sprecher emphasized that current regulations prevent traditional exchanges from offering 24/7 onchain perpetual contracts, despite such products being available on blockchain platforms. He questioned the regulatory inconsistency and urged authorities to clarify whether traditional exchanges can operate under the same rules as crypto-native platforms. Recently, the U.S. Commodity Futures Trading Commission (CFTC) issued an advisory stating that 24/7 trading is suitable for crypto but may not fit all sectors, highlighting the growing divide between digital and traditional markets. ICE is also working with OKX to list perpetual contracts on oil benchmarks, reflecting strong demand from traditional traders for continuous markets.