Coinbase Financial Markets has introduced perpetual futures trading to U.S users. The platform is the CFTC regulated arm of the leading crypto exchange, Coinbase. It is the first occasion where American retail traders can trade regulated perpetual contracts that are free of monthly expirations. The launch includes nano Bitcoin and Ether futures, requires separate approval, and has already lifted Coinbase’s stock price.
Coinbase Breaks Barriers by Introducing Regulated Perpetual Futures for U.S. Traders
According to the Coinbase blog post, the new derivatives have no monthly expirations. Hence, traders can hold position for up to five years.
Users can also access intraday leverage of up to 10x for crypto contracts. For metals contracts like gold and silver, leverage goes up to 20x.
Trading fees start as low as 0.02% per contract, inclusive of exchange, clearing, and regulatory charges. A minimum charge of $0.15 per trade applies. These low fees position Coinbase as a competitive player in the U.S. derivatives landscape, traditionally dominated by offshore platforms.
Coinbase added in its X post that it is bringing the power and efficiency of perpetual futures to a regulated American market for the first time. Currently, two contracts are available.
They are the nano Bitcoin Perpetual Futures (BTC-PERP) and nano Ether Perpetual Futures (ETH-PERP). The platform is accessible only to users with a verified Coinbase account and requires a separate application to open a derivatives account.
To begin trading, users must complete a brief approval process. This move follows an announcement by Coinbase last month to launch a futures product that will mirror the global perpetuals futures market.
Launch Boosts Stock Price and Signals Bright Future for the U.S. Trading Market
Brian Armstrong, CEO of Coinbase, confirmed the launch in an X post, calling it a major milestone for the company and the broader market. He emphasized that the futures offering is fully regulated by the U.S. Commodity Futures Trading Commission.
Subsequently, Coinbase shares (NASDAQ: COIN) was up by 1.95% rising to $427.98. Earlier, the COIN stock hit a new all-time high (ATH), surpassing its highest level since its initial public offering (IPO) in 2021.
Coinbase stock reached that ATH prior to the signing of the GENIUS Act. The signing of the Act is bullish for Coinbase since stablecoins form a major part of its operations.
Paul
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
He holds a degree in Geophysics from OAU, Nigeria. When he’s not writing, he loves watching soccer and reading educative journals.
He can be reached via [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
✓ Share: