New 24/7 Bitcoin and Ethereum Futures Products from Coinbase
- Coinbase is set to launch 24/7 Bitcoin and Ethereum futures products on its CFTC-regulated exchange, Coinbase Derivatives.
- The exchange also plans to introduce a perpetual-style futures contract.
Coinbase is responding to the increasing demand for crypto trading by offering round-the-clock futures trading for Bitcoin (BTC) and Ethereum (ETH).
Expanding Trading Hours
With the introduction of 24/7 futures trading for the top two digital assets by market cap, Coinbase aims to cater to traders who seek real-time opportunities in the crypto market.
According to Coinbase’s vice president for institutional product, Greg Tusar, the current fixed trading hours of US futures markets do not align with the 24/7 nature of crypto trading. This limitation hinders traders from reacting promptly to market movements.
Perpetual-Style Futures Contracts
In addition to 24/7 trading access, Coinbase plans to offer perpetual-style futures contracts to US customers. These contracts, with long-dated expirations, are designed to meet US regulatory standards and mirror the global crypto derivatives market.
By introducing these innovative products, Coinbase aims to compete with established global exchanges like Binance and OKX while providing users with new trading opportunities in a rapidly evolving market.
Empowering Traders
Coinbase’s goal is to equip traders with the necessary tools to manage risk and seize opportunities in the crypto market on their own terms. By offering a diverse range of trading products, Coinbase seeks to support the growing trend of pro-crypto regulation, particularly in the US.
