Coinbase will offer US-based perpetual futures for Bitcoin and Ethereum starting July 21 under CFTC compliance.
The new contracts will trade 24/7 and track spot prices with hourly funding to ensure accurate price alignment.
Coinbase aims to reduce offshore trading risks by launching regulated crypto futures directly in the US market.
Coinbase will introduce perpetual-style futures for Bitcoin and Ethereum on July 21. This move marks the company’s entry into a segment dominated by offshore exchanges. The new product aims to meet growing demand for regulated crypto derivatives in the United States.
https://twitter.com/coinbase/status/1938253844850348266
These perpetual-style contracts will offer leverage and track spot prices. They also comply fully with regulations set by the Commodity Futures Trading Commission (CFTC). Coinbase intends to fill a critical gap in the domestic market with this launch.
Details of the Futures Products
The exchange will offer two contracts. The first is a nano Bitcoin Perpetual-Style Futures at 0.01 BTC. The second is a nano Ether Perpetual-Style Futures at 0.10 ETH. These contracts will allow trading with greater flexibility and lower capital requirements.
Coinbase will structure the products as long-dated futures. Each contract will carry a five-year expiration. They will include hourly funding rates to keep prices aligned with the underlying spot market. The platform will offer trading around the clock.
A Move Toward Onshore Regulation
The U.S. has lagged behind in offering regulated perpetual crypto futures. Traders often turn to offshore platforms. However, these platforms pose added risks in custody and regulation. Coinbase now seeks to offer a safer alternative within the U.S.
Perpetual-style futures dominate global crypto trading, representing 90% of activity. Yet most U.S.-based traders lack direct access to such instruments. With this move, Coinbase hopes to reverse that trend. The exchange will offer the product through its regulated derivatives arm.
Coinbase Stock Hits New High
Following the announcement, Coinbase stock surged to a four-year high. The market responded positively to the launch of a new revenue-generating product. Investors welcomed the strategic step into a high-demand segment.
The exchange has expanded significantly this month. Days before the futures news, Coinbase secured a MiCA license in Luxembourg. This approval enables Coinbase to operate across all 27 EU member states. It opens access to over 450 million users in Europe.
Compliance and Market Strategy
The new contracts will mirror global perpetual futures while aligning with U.S. regulatory rules. Coinbase intends to provide U.S. traders with the same trading tools available overseas. The firm will offer capital-efficient trading within a compliant framework.
This strategy marks a shift from offshore dependency to regulated U.S. platforms. It also supports Coinbase’s broader goal of becoming a full-service crypto exchange in both domestic and international markets.
