Coinbase Launches Bitcoin and Ethereum Perpetual Futures for US Traders
Coinbase has introduced perpetual futures trading in the U.S., allowing eligible users to access two futures contracts beginning July 21.
On Monday, the exchange revealed that U.S. users can now trade perpetual derivatives via their Coinbase Financial Markets account, starting with nano Bitcoin Perpetual Futures (BTC-PERP) and nano Ether Perpetual Futures (ETH-PERP).
The rollout of Commodity Futures Trading Commission-regulated crypto perpetuals comes on the heels of Coinbase’s recent announcements about launching this product in the U.S. According to the exchange, users interested in these futures offerings need to create a Coinbase Financial Markets account.
Perpetual futures account for 90% of trading volumes
Coinbase’s introduction of Bitcoin (BTC) and Ethereum (ETH) futures on a regulated platform furthers the revival of crypto markets in the U.S., coinciding with a positive regulatory shift marked by the recent approval of a key stablecoin bill.
Perpetual futures are a type of derivative contract that allows crypto traders to engage in high-leverage trades without facing monthly expiration dates.
In the realm of crypto, perpetual futures trading constitutes almost 90% of overall trading volumes. Although international users of Coinbase had access to these derivatives, prior U.S. regulations had restricted the exchange from offering them. This launch alters that dynamic.
“The wait is over – Perpetual futures have arrived in the U.S.,” Coinbase shared on X.
Users will take advantage of no monthly expirations, enabling trading with leverage up to 10x and fees as low as 0.02%.
In contrast to conventional futures, which have monthly or quarterly expiration dates, Coinbase’s perpetual futures provide extended durations, allowing users to enjoy potential expiration periods of up to five years. The 10x leverage ensures greater capital efficiency, enabling traders to enhance their market exposure and positions.
While this advancement is crucial for BTC and ETH traders, users should remain conscious of the risks tied to leveraged futures trading. As in any trading activity, positions can either generate profits or result in losses, with high leverage increasing the level of risk exposure.
