Coinbase Launches Regulated Perpetual Futures for SOMI and 0G to Serve U.S. Trader Demand

Coinbase Derivatives has announced the launch of perpetual futures contracts for two emerging altcoins, Somnia (SOMI) and 0G (0G), effective October 9, 2025 . The move expands the platform's offerings in crypto derivatives, catering to institutional and professional investors seeking hedging and leveraged trading opportunities. The new markets, SOMI-PERP and 0G-PERP, will operate 24/7 and require liquidity conditions to be met before activation, as outlined in the platform's official announcement .

The perpetual futures contracts enable investors to take long or short positions on price fluctuations of SOMI and 0G, leveraging up to 10x intraday exposure . These contracts are structured as long-dated derivatives with five-year expirations, incorporating a funding rate mechanism to align futures prices with spot markets. Unlike traditional futures, which require periodic rollover, the five-year terms reduce operational complexity for longer-term strategies . The platform emphasized compliance with regulatory requirements in supported regions, ensuring alignment with U.S. and international standards .

Somnia (SOMI) is positioned as a metaverse-based digital asset ecosystem, while 0G (0G) integrates artificial intelligence and blockchain technologies. The addition of these tokens to Coinbase's futures platform is expected to enhance liquidity depth and strengthen the exchange's competitiveness in the derivatives market . Analysts note that perpetual futures account for over 90% of global crypto derivatives trading volume, with daily volumes frequently exceeding $50 billion on offshore exchanges . By introducing U.S.-regulated perpetual-style futures, Coinbase aims to address unmet demand from domestic traders previously reliant on unregulated offshore platforms.

The launch follows broader industry trends, including the growing adoption of structured products in crypto markets. Coinbase's US Perpetual-Style Futures, launched earlier in 2025, have already demonstrated strong traction, offering traders a regulated alternative to international perpetual contracts . These contracts feature fixed sizes-such as 1/100th of a Bitcoin for nano Bitcoin Perpetual-Style Futures-and incorporate hourly funding rate adjustments to maintain price alignment with spot markets . The introduction of SOMI and 0G futures further diversifies Coinbase's derivatives portfolio, which now includes over 40 crypto assets.

Market participants have highlighted the strategic value of perpetual futures for managing risk in volatile markets. The funding rate mechanism, which redistributes payments between long and short positions, ensures continuous price discovery while mitigating divergence from underlying spot prices . For SOMI and 0G, the contracts will initially require liquidity providers to stabilize trading conditions, a common practice for newly listed derivatives . The platform's focus on compliance and risk management aligns with its broader strategy to balance innovation with investor protection.

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