Coinbase has introduced regulated perpetual futures trading for American users through its CFTC-registered entity, Coinbase Financial Markets.
The platform now offers nano Bitcoin and Ether perpetual futures with up to 10x leverage and the ability to hold positions for five years.
Coinbase’s stock price increased by nearly 2% after the launch, reflecting positive investor sentiment and support for its derivatives expansion.
Coinbase has launched perpetual futures trading for verified users in the United States through its CFTC-regulated arm, Coinbase Financial Markets. The newly introduced offering marks a significant shift in the availability of derivative products for American retail traders.
At launch, Coinbase is offering two contracts: nano Bitcoin Perpetual Futures (BTC-PERP) and nano Ether Perpetual Futures (ETH-PERP). These contracts do not carry monthly expirations and allow traders to hold positions for up to five years. The contracts are available exclusively to users who complete a separate approval process through their Coinbase accounts.
Leverage options and fee structure position Coinbase competitively.
Traders using the platform can access intraday leverage of up to 10x for crypto contracts. For metals contracts, including gold and silver, leverage can go up to 20x. Trading fees begin as low as 0.02% per contract. Each trade includes exchange, clearing, and regulatory costs, with a minimum charge of $0.15.
Following the announcement, Coinbase shares rose by 1.95% to close at $427.98. Last week, the stock touched an all-time high of $436. Over the past five days, shares have gained more than 8% and surged by over 40% in the last thirty days.
The timing of the launch aligns with the recent signing of the GENIUS Act, a development viewed as favorable for Coinbase due to its stablecoin exposure. Coinbase CEO Brian Armstrong confirmed the futures launch in a public post, highlighting its regulation by the U.S. Commodity Futures Trading Commission.
Coinbase emphasizes commitment to regulated markets.
According to Coinbase, the move aims to bring the efficiency of perpetual futures to the U.S. within a regulated framework. This development positions the company as a domestic competitor in a space previously dominated by offshore exchanges.
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