tl;dr
Coinbase Global Inc. will launch US-regulated perpetual-style futures contracts on July 21, becoming one of the first exchanges to offer these in the U.S. The contracts include nano Bitcoin (0.01 BTC) and nano Ethereum (0.10 ETH) futures that track spot prices, offer leverage, and comply with CFTC r...
Coinbase Global Inc. is set to launch regulated US Perpetual-Style Futures on July 21, introducing nano Bitcoin (0.01 BTC) and nano Ethereum (0.10 ETH) contracts. These futures closely track spot prices, offer leverage, and comply fully with CFTC regulations, marking a significant development in the US crypto derivatives market.
This launch fills a crucial gap in the domestic market, reducing traders' reliance on offshore exchanges known for regulatory, custody, and counterparty risks. The perpetual-style futures have five-year expirations with hourly funding mechanisms to maintain price alignment during continuous 24/7 trading, providing a stable and innovative solution.
The timing aligns with a crypto-friendly regulatory shift under the Trump administration that encourages innovation with lighter oversight. Coinbase CEO Brian Armstrong highlighted the company's responsiveness to market demand, calling the new products “a transformative milestone” for US crypto trading.
Coinbase’s stock price has surged to record highs, recently closing at $375.07, reflecting growing investor confidence in regulated crypto infrastructure. The company became the first crypto firm admitted to the S&P 500 in May and has experienced a 50% increase in its stock price year-to-date. Analysts have raised price targets, citing Coinbase’s expansion efforts and integration of stablecoins like USDC as drivers of long-term growth.
Overall, Coinbase’s introduction of regulated perpetual futures signals a pivotal moment for the US crypto industry, offering safer, leveraged trading options domestically while aligning with broader regulatory and market trends.