Coinbase Launches 24/7 Bitcoin, Ethereum Futures, Expands U.S. Crypto Trading

Coinbase has announced its plans to launch 24/7 Bitcoin and Ethereum futures trading for U.S. traders through its CFTC-regulated derivatives exchange, Coinbase Derivatives, LLC. This move marks a significant shift in the U.S. crypto trading landscape, as it will be the first time American traders have access to perpetual-style futures contracts without expiration dates. This aligns domestic markets with global trading norms, where such contracts are already prevalent.

Coinbase Derivatives, LLC confirmed the launch of these continuous futures contracts, aiming to address inefficiencies in the U.S. derivatives market. Traditionally, trading has been limited to fixed hours and contracts with set expirations. By introducing perpetual-style futures, Coinbase seeks to provide American traders with access to the same international instruments while ensuring compliance with U.S. regulatory standards.

The upcoming futures offering will include varying-sized contracts to accommodate both institutional and retail traders. Coinbase has partnered with Nodal Clear to facilitate clearing services and ensure compliance with CFTC regulations. The exchange stated that introducing 24/7 futures trading is a step toward a more competitive U.S. derivatives market. The company also revealed plans to develop a new type of perpetual-style futures contract modeled after long-dated international offerings, designed to adhere to U.S. regulations.

U.S. traders have historically been constrained by fixed trading hours, causing them to miss market movements occurring outside of regular sessions. With these changes, traders can manage risk and execute strategies in real time, eliminating a key limitation in the domestic market. Coinbase has been working with the CFTC and market participants to finalize the design of the new products. The company’s plans signal an effort to expand regulated crypto derivatives offerings in the U.S., where offshore platforms have traditionally held an advantage.

In February, Coinbase took a major step in the U.S. crypto derivatives market, introducing CFTC-approved futures contracts for Solana (SOL) and Hedera (HBAR). These contracts, structured for diverse trading strategies, add to Coinbase Derivatives’ growing portfolio, which now includes 19 futures contracts, such as Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE).

The U.S. Commodity Futures Trading Commission (CFTC) is intensifying its focus on digital asset markets. The agency announced a CEO Forum to discuss its upcoming pilot program, with major players like Coinbase