On June 12, 2023, at the annual cryptocurrency summit, the American exchange Coinbase launched two new products for the U.S. market: CFTC-regulated perpetual futures trading and an American Express co-branded credit card offering up to 4% Bitcoin back, expanding the landscape of compliant derivatives and everyday payments.

Coinbase Completes Product Ecosystem

Max Branzburg, head of Consumer and Business Products, pointed out that the derivatives market currently accounts for 75% of the global cryptocurrency market trading volume, and the retail perpetual futures transaction volume on Coinbase's international platform reached $5 billion in May, but there are no corresponding services in the U.S. market.

The launch of CFTC-approved compliant perpetual futures and high-reward credit cards is aimed at targeting two major groups: leveraged traders and high-spending users.