- Coinbase will launch the 24/7 Bitcoin and Ethereum futures products on its CFTC-regulated futures exchange Coinbase Derivatives.
- The exchange also plans for a perpetual-style futures contract.
Coinbase is looking to tap into the growing demand for crypto trading with a round-the-clock futures offering for Bitcoin (BTC) and Ethereum (ETH).
The exchange, the largest regulated US-based provider, will offer the BTC and ETH futures trading to US customers through its CFTC-regulated platform Coinbase Derivatives Exchange.
Coinbase stated in an announcement on Mar. 10 that this 24/7 futures trading for the top two digital assets by market cap will roll out in the coming weeks.
“Today, US futures markets operate within fixed trading hours–out of sync with the 24/7 nature of crypto. This forces traders to sit on the sidelines during key market moves, limiting their ability to react in real time. With the launch of 24/7 access to Bitcoin and Ethereum futures, we’re eliminating this gap,” Greg Tusar, vice president for institutional product at Coinbase, wrote.
Demand for futures trading high
The exchange’s plans are also about unveiling perpetual-style futures contracts to US customers, with this not possible with offshore exchanges currently not subject to US regulations.
“While true 24/7 trading is a critical step forward, we know traders want more. That’s why we’re also working to bring to market a first of its kind perpetual-style futures contract with long dated expirations—a product designed to mirror the global crypto derivatives market while meeting US regulatory standards,” the Coinbase exec added.
Coinbase will be looking to eat into a market dominated by global crypto exchanges such as Binance and OKX. Meanwhile, it promises to bring to users opportunities in a market expected to benefit from growing pro-crypto regulation, particularly in the US.
“Our goal is simple: give traders the tools they need to manage risk and seize opportunities in crypto–on their terms,” Coinbase noted.
