Something the crypto world has played with for over a decade—now Wall Street is just starting to seriously research it?

The CFTC has just extended the consultation period to August 26 to discuss two things: whether traditional futures can be changed to 24/7 trading, and whether energy commodities like crude oil that can be stored and delivered physically can be turned into perpetual contracts with no expiry ever.
$BTC ’s perpetual structure is easy to understand. Crypto already trades all day, every day—there’s no inventory, source location, or delivery month. You just use funding rates to pull the contract price back to the spot price.
But crude oil isn’t digital. Different origins, qualities, inventories, and delivery months each have their own prices. When banks are closed on weekends and liquidity thins out, who’s supposed to handle margin and liquidations?
The trading infrastructure built for crypto is now, in turn, reshaping traditional markets. In the future, Wall Street may not even have weekends—going from Monday to Sunday, you can lose money.🤣
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