> For the complete documentation index, see [llms.txt](https://whitepaper.after-bell.uk/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.after-bell.uk/market-design/24-7-crypto-markets.md). # 24/7 Crypto Markets Covers continuously available markets for crypto asset outcomes. 24/7 crypto markets apply the same Yes/No outcome model to a market whose underlying activity is continuous. The source uses the phrase “crypto never sleeps,” contrasting continuous crypto-market availability with the scheduled sessions of traditional equities. ### A continuously available format The source example is: > Will BTC close above $100K this month? Participants choose Yes or No, trade positions through the CLOB, wait for the stated condition, and redeem the winning outcome. The format remains binary: one outcome has redemption value and the other becomes worthless at resolution. ``` Crypto question → Yes / No → CLOB trading → month condition → resolution → winning outcome redeemed ``` ### Different timing assumptions Weekly-close stock markets use a Friday close. Earnings markets use a report release. A crypto market can remain active without the same traditional stock-session boundary. The source therefore describes 24/7 crypto markets as a distinct category. This does not mean a market can omit a resolution condition. “Will BTC close above $100K this month?” still requires a clear point for evaluating the condition. The source does not define the exact meaning of “close” for this example, so this page does not add one. ### Shared trading model, unspecified crypto oracle The same conceptual CLOB, USDG settlement, and ERC-1155 outcome model applies. Users submit signed orders, compatible orders are matched off-chain, and settlement occurs through smart contracts. The source does **not** specify a BTC price feed or crypto-specific oracle implementation. Chainlink Stock Token Feed is the stated primary source for stock-token resolution; it should not be assumed to define BTC resolution. Any crypto-market oracle details remain outside the current specification. ### Scope and limitations Crypto markets broaden the product concept beyond stock-token questions, but they are not stated as live capabilities. AFTERBELL remains in development, contracts are not yet audited, and liquidity is not guaranteed. The category also does not introduce leverage, perpetuals, funding rates, margin, or liquidation mechanics. It remains a binary prediction-market format with continuous market availability as its defining design difference. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://whitepaper.after-bell.uk/market-design/24-7-crypto-markets.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.