Coinbase Derivatives has officially activated 24/7 trading for Bitcoin and Ethereum futures contracts, becoming the first derivatives exchange regulated by the Commodity Futures Trading Commission (CFTC) to provide round-the-clock access to cryptocurrency futures contracts in the United States, according to the exchange's announcement on Friday.
Coinbase first revealed the initiative in March, aiming to bridge the gap between traditional trading hours in the United States and the global cryptocurrency market, which accounts for over 75% of global trading volume. The exchange will offer both small and large contracts.
The new offering allows the San Francisco-based cryptocurrency exchange for American investors to execute trades, hedge positions, and manage exposure continuously. The service is designed to reflect the nature of cryptocurrency markets that operate around the clock.
The exchange's infrastructure is designed to support the new market structure. Coinbase Derivatives conducts all trading through Nodal Clear, a clearing company regulated by the Commodity Futures Trading Commission (CFTC), whose systems are designed to ensure continuous operation 24/7. Liquidity is provided by leading firms, including Virtu Financial.
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