Coinbase Launches CFTC-Regulated Perpetual Futures for U.S. Traders

Coinbase, a prominent cryptocurrency exchange, has declared a major advancement in the U.S. market. Starting from July 21, 2025, U.S. customers will be able to trade CFTC-regulated perpetual futures through Coinbase Financial Markets (CFM). This move is significant as it provides regulated access to advanced crypto derivatives, which were previously only available through offshore platforms.

The launch includes two types of perpetual futures contracts: nano Bitcoin Perpetual Futures (BTC-PERP) and nano Ether Perpetual Futures (ETH-PERP). These contracts offer 10x leverage and do not have monthly expirations, providing traders with more flexibility and opportunities. The introduction of these regulated perpetual futures is expected to attract a broader range of investors who seek the benefits of leveraged trading within a compliant framework.

Coinbase's decision to offer CFTC-regulated perpetual futures is a strategic move to expand its service offerings and cater to the growing demand for sophisticated trading instruments. By providing a regulated environment, Coinbase aims to build trust and attract institutional investors who have been cautious about engaging in unregulated crypto markets. This initiative aligns with the broader trend of increasing regulatory oversight in the cryptocurrency industry, which is essential for its long-term sustainability and growth.

The launch of these perpetual futures contracts is not just a technical upgrade but a significant step towards integrating cryptocurrency trading with traditional financial markets. It allows U.S. investors to participate in the crypto derivatives market without the risks associated with unregulated platforms. This development is likely to enhance the liquidity and stability of the crypto market, making it more attractive to a wider audience.

Coinbase's move to offer regulated perpetual futures is a testament to its commitment to innovation and compliance. By leveraging its existing infrastructure and regulatory expertise, Coinbase is positioning itself as a leader in the evolving landscape of digital assets. This initiative is expected to set a precedent for other exchanges, encouraging them to adopt similar practices and contribute to the overall maturation of the crypto industry.

Brian Armstrong, CEO of Coinbase, expressed excitement about the upcoming launch, stating, "We are excited to announce the upcoming launch of US Perpetual-Style Futures on Coinbase Derivatives Exchange, designed to mirror the functionality of global perpetual futures while adhering to US regulatory standards." This sentiment is echoed in the community, which views this development as an opportunity for increased market access and innovation in the U.S. crypto sector.

Historically, the introduction of perpetual futures on regulated platforms in the U.S. offers traders a safer alternative to offshore exchanges, potentially transforming the landscape for U.S. institutional and retail market participants. This move could attract substantial institutional investment, enhancing liquidity and adoption. The combination of increased trading options, regulatory compliance, and competitive leverage terms bodes well for future market dynamics.