Coinbase Announces 24/7 Futures Trading for BTC, ETH

Coinbase, a leading cryptocurrency exchange in the United States, is set to introduce 24/7 futures contracts for Bitcoin (BTC) and Ethereum (ETH). This initiative marks a significant development in the US crypto market, as it will provide continuous trading access to these digital assets, eliminating the traditional trading hour restrictions.

In a recent blog post, Coinbase announced that its derivatives arm, Coinbase Derivatives, LLC, will launch the first 24/7 futures trading for BTC and ETH in the coming weeks. This move is driven by strong demand from US-based crypto traders who seek more flexible and innovative trading options. Greg Tusar, vice president of Coinbase’s institutional product, emphasized the importance of this launch, stating that derivatives are a cornerstone of global crypto markets, accounting for a significant portion of total trading volume. However, much of this activity has taken place internationally, where markets operate 24/7 and offer futures contracts that aren’t confined to traditional expiries.

Tusar highlighted that US traders have had to navigate fixed market hours and expiring contracts, which can create inefficiencies, particularly for those managing crypto exposure. By launching regulated futures markets that are more accessible, transparent, and competitive, Coinbase aims to give traders the tools they need to manage risk and seize opportunities in the crypto market on their terms. The exchange is working closely with the Commodity Futures Trading Commission (CFTC) to ensure that the product meets all regulatory requirements and client needs.

Coinbase's move to offer 24/7 perpetual futures contracts is part of a broader strategy to compete with global crypto exchanges. By providing these innovative trading options, Coinbase aims to attract traders who are looking for more flexible and innovative trading options. This move is expected to benefit from growing pro-crypto regulation, particularly in the US, and is set to roll out in the coming weeks. Coinbase's initiative is a significant step forward in the evolution of the US crypto market, providing traders with the tools they need to manage risk and seize opportunities in the crypto market on their terms.