- Coinbase will launch U.S.-regulated perpetual-style futures for Bitcoin and Ether on July 21.
- The move gives U.S. traders access to a regulated alternative to offshore derivatives platforms.
- New contracts cover “nano” units: 0.01 BTC and 0.10 ETH, allowing smaller trades and leverage.
- This comes as Coinbase‘s share price hit a record high of $375.07 amid increased demand for regulated crypto products.
- Industry leaders note the timing aligns with a shift toward more crypto-friendly U.S. regulations.
Coinbase will introduce perpetual-style futures contracts for Bitcoin and Ether in the U.S. starting July 21. The launch will make it one of the first exchanges to offer these CFTC-regulated products in a market previously dominated by offshore trading.
Beginning next month, users can trade nano Bitcoin (0.01 BTC) and nano Ethereum (0.10 ETH) perpetual futures, which are designed to closely track the spot market price. These products allow traders to use leverage and are set to comply with all U.S. regulatory guidelines.
“You asked for it, we built it,” said Coinbase CEO Brian Armstrong in a tweet about the launch. The company stated that these contracts will help close a “critical gap in the domestic derivatives market” by reducing customer reliance on offshore platforms, which pose added regulatory and counterparty risks.
Perpetual-style futures are a type of crypto derivative that lets users take long or short leveraged positions without an expiry date, tracking the price of the underlying asset around the clock. The new contracts from Coinbase will function as long-dated futures with a five-year expiration and hourly funding, ensuring prices remain closely tied to the spot market.
The announcement comes as Coinbase has witnessed growing demand for regulated crypto trading. The company’s shares reached an all-time high of $375.07 on Thursday, exceeding its previous peak of $357.39 from November 2021, according to Google Finance data. Coinbase stock has climbed 50% since January, following its inclusion in the S&P 500 index.
Industry experts see the timing of this release as part of a broader shift toward lighter regulation for crypto under President Donald Trump’s administration. “The timing aligns with what appears to be a crypto-friendly shift under the Trump administration, encouraging innovation through lighter regulatory pressure,” said Mohith Agadi, founder of Fact Protocol, to Decrypt.
A Benchmark investment bank analyst recently raised Coinbase’s price target to $421, pointing to its growth in Europe and USDC stablecoin integration, according to a previous report.
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