Coinbase Launches 24/7 Crypto Futures Trading in U.S.

Coinbase Derivatives is set to revolutionize the crypto market by introducing round-the-clock trading for Bitcoin and Ethereum futures starting May 9, 2025. This move marks a significant milestone as it is the first time a U.S. CFTC-regulated exchange will offer nonstop crypto futures trading. This development allows both retail and institutional traders to monitor and manage risks, as well as respond to market changes, at any time of the day or night, including weekends.

The introduction of 24/7 futures trading underscores the global nature of cryptocurrency markets, which operate continuously unlike traditional markets that close overnight. Coinbase is extending this flexibility to U.S. traders, a feature initially enjoyed by users overseas. All payments on Coinbase will be processed through Nodal Clear, a clearinghouse regulated by the Commodity Futures Trading Commission (CFTC). This ensures transparency, safety, and trust in the trading process.

Several key partners are collaborating with Coinbase to make this service possible. Market makers such as Virtu Financial, and clearing partners including ABN AMRO, Wedbush Securities, and Coinbase Financial Markets are providing essential support in areas such as liquidity, execution, and risk management. Paul Cusenza, CEO of Nodal Clear, highlighted the significance of this move, stating that it will enhance the security and stability of trading operations. Andrew Smith of Virtu Financial also supported the initiative, noting that continuous trading aligns with the nature of cryptocurrencies and simplifies the trading process.

Coinbase aims to introduce perpetual-style futures to the regulated U.S. market in the coming months. These derivatives, with their ongoing contract lifetime, are highly attractive to many traders. The goal is to expand the range of options available to retail traders within a regulated legal framework by offering these products.

The technology behind this launch is designed to handle trading at all hours, prioritizing efficiency and reliability. This is crucial given the high volatility in crypto markets. Andy Sears, CEO of Coinbase Financial Markets, described the launch as a significant change, empowering customers to trade at their convenience directly from the Coinbase Advanced platform. Partners like ABN AMRO and Wedbush Securities also expressed excitement, viewing this change as fundamental to the operation of U.S. futures markets.

With the support of key partners and regulatory approval, Coinbase is leading the way in making cryptocurrency futures tradable 24/7. This allows U.S. traders to respond quickly to market fluctuations, transforming the way investors buy and sell crypto futures. By introducing this service, Coinbase meets the existing needs of the market and paves the way for further developments in U.S. crypto derivative trading.