ICE, the parent company of the New York Stock Exchange, calls for the liberalization of 24/7 on-chain perpetual contracts to promote fair regulatory competition

Jinse Finance reported that on May 29, the New York Stock Exchange parent company Intercontinental Exchange (ICE) called on regulators to allow regulated exchanges to launch 24/7 on-chain perpetual contract trading, in order to create a “level playing field” with native crypto markets. ICE CEO Jeffrey Sprecher stated that regulators are currently restricting traditional exchanges from entering this sector, while related markets already exist on-chain, and emphasized that the traditional financial system should be allowed to compete with the crypto market under the same set of rules. It is reported that ICE has engaged in several rounds of discussions with decentralized derivatives trading platforms regarding on-chain perpetual contract mechanisms, aiming to explore cooperation and potential integration paths between traditional finance and the crypto market.