Pepperstone Bets On 24/7 Markets As Crypto's Perpetual Model Spreads To Traditional Finance

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Crypto’s biggest market innovation is beginning to migrate into regulated financial markets. Pepperstone has expanded its Perpetual CFD offering beyond digital assets, positioning itself among the first regulated CFD brokers to bring perpetual market mechanics to traditional asset classes. The move comes as exchanges, brokers and regulators increasingly debate whether financial markets should evolve beyond fixed trading hours toward continuous, around-the-clock access. While the announcement introduces new products for Pepperstone clients, it also reflects a much larger structural shift taking place across global finance. Products originally developed for cryptocurrency markets are increasingly influencing traditional market infrastructure as investors demand continuous access, automated execution and markets that better reflect a world where information never stops flowing. Perpetual futures first emerged in the cryptocurrency market in 2016, allowing traders to gain leveraged exposure without the expiry dates associated with traditional futures contracts. Instead of rolling positions every month or quarter, traders can maintain exposure indefinitely while funding payments keep perpetual prices aligned with the underlying market. The model quickly became the dominant crypto derivatives product. Industry estimates suggest perpetual futures generated more than US$90 trillion in trading volume during 2025, making them one of the largest derivatives markets globally by turnover. At the same time, tokenised assets are projected by several industry forecasts to grow from roughly US$2 trillion today to as much as US$16 trillion by 2030. Together, those trends are reshaping expectations around how financial markets should operate. Investors increasingly expect access whenever news breaks, regardless of whether a traditional exchange is open. Pepperstone believes those market mechanics should no longer be limited to crypto. Following the launch of SPCX.US-PERP, a synthetic perpetual CFD referencing SpaceX, the broker plans to introduce perpetual CFDs linked to Gold, Silver, Nasdaq, the S&P 500, WTI Crude and Brent Crude, extending perpetual market access across metals, equity indices and energy. Unlike perpetual futures traded on cryptocurrency exchanges, Pepperstone’s products operate entirely within its existing CFD infrastructure. Clients continue using their existing trading accounts, familiar trading platforms and regulated brokerage relationship without requiring crypto wallets, exchange collateral or separate onboarding procedures. Group CEO Tamas Szabo said the expansion reflects a broader transformation underway across financial markets. “The concept of markets opening and closing at fixed hours is becoming increasingly outdated. Capital, information and risk now move continuously, and we believe perpetual markets will become a standard feature of modern finance. Our focus is on bringing that future into a regulated environment that traders already know and trust.” Chris Weston, Pepperstone’s Head of Research, added that information now moves independently of exchange trading hours. “Major market-moving developments no longer wait for opening bells. Information is global, instantaneous and continuous, and traders increasingly want access to markets when opportunities emerge. We see that demand for continuous access becoming a defining feature of the next generation of financial markets.” Pepperstone is not alone in betting that traditional markets will eventually operate continuously. Over the past year, several major exchanges have announced initiatives aimed at extending trading hours or introducing products inspired by crypto market structure. Most notably, CME Group recently unveiled Treasury Link, a platform designed to seamlessly connect U.S. Treasury futures with cash Treasury markets, while also expanding its broader strategy around continuous market access. At the same time, regulators are signalling that the transition will not be straightforward. Last week, the U.S. Commodity Futures Trading Commission halted CME’s attempt to self-certify a 24/7 crude oil futures contract only one day before launch. The regulator said it was still evaluating whether continuous trading in energy futures complies with statutory core principles and highlighted concerns around market integrity, surveillance and operational resilience. The decision illustrates one of the biggest challenges facing the industry’s move toward always-on markets. While technology increasingly makes continuous trading possible, regulators remain focused on whether liquidity, price discovery, clearing systems and investor protection can evolve at the same pace. The forces pushing markets toward continuous trading extend well beyond cryptocurrency. Artificial intelligence increasingly generates trading signals around the clock. Geopolitical developments regularly occur outside traditional market hours. Retail investors now participate globally rather than locally, while institutional firms increasingly manage portfolios across multiple time zones. Tokenisation is reinforcing that trend. As financial assets become digitally native and blockchain settlement reduces dependence on traditional exchange infrastructure, the distinction between trading sessions and market closures becomes increasingly difficult to justify. For CFD brokers, perpetual products offer another advantage. Rather than asking clients to roll expiring futures positions or wait for markets to reopen, brokers can provide uninterrupted exposure through products designed specifically for continuous trading. For years, competition in the retail brokerage industry centred on spreads, execution speed and platform features. Related: FXTrading.com Marks 10 Years With AI Push And In-House Technology Strategy Increasingly, however, differentiation is moving toward market access. Brokers are expanding into tokenised assets, AI-powered trading tools, portfolio automation and now perpetual products that blur the traditional boundary between crypto markets and conventional financial instruments. If investor demand continues moving toward continuous trading, the competitive advantage may belong not to firms offering the lowest spreads, but to those capable of providing seamless market access regardless of the time of day. Pepperstone’s product launch is about more than adding another CFD. It reflects a broader convergence between crypto-native market structure and regulated financial markets. Whether perpetual products become mainstream outside digital assets will depend on investor demand and regulatory acceptance, but the direction of travel is becoming increasingly clear. Markets are evolving from fixed trading sessions toward continuous access, and brokers, exchanges and regulators are now competing to define what that future looks like.

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Pepperstone is moving to extend the 24/7 trading model of the crypto market to traditional financial markets. This strategic shift aims to break down the limited trading hours of legacy stock and forex markets to maximize liquidity. Investors should upgrade their trading systems and reassess risk management strategies in anticipation of increased volatility in traditional assets.

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The transition toward 24/7 trading represents a fundamental shift in market structure. By removing the boundaries of traditional sessions, financial platforms aim to capture global liquidity regardless of geographic or time constraints. However, this shift necessitates more robust automated trading systems and heightened risk oversight as markets become continuously active.

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