- Coinbase Derivatives is launching the first-ever 24/7 US futures for Bitcoin and Ethereum, bridging the gap between domestic and global trading hours.
- The service, backed by Nodal Clear’s institutional-grade platform, targets crypto-native traders frustrated by limited access to overseas derivatives.
- Coinbase is coordinating with the CFTC for regulatory clarity, with the launch set in the coming weeks amid intensifying market competition.
Coinbase is set to break new ground in the US market by offering 24/7 futures trading for Bitcoin (BTC) and Ethereum (ETH) via its Coinbase Derivatives platform — a first for American traders.
The San Francisco–based firm announced on Monday that the service would become available in the coming weeks, though an exact launch date has yet to be disclosed.
Meeting High Demand
Coinbase noted in its blog that many crypto derivatives currently trade outside US borders, creating challenges for domestic investors. Therefore, the move is designed to meet the strong demand from crypto-native traders who have long expressed frustration over the limitations of traditional trading hours.
Futures, which are contracts to buy or sell an asset at a set price and date, become “perpetuals” when they lack an expiration date. Regulatory uncertainty has traditionally kept US platforms from offering such products, but Coinbase is now working with the Commodity Futures Trading Commission (CFTC) to gain clarity and ensure compliance.
The exchange added:
For too long, the US has been playing catch-up in crypto derivatives. It’s time for a regulated, accessible, and innovative futures market that meets the needs of the cryptoeconomy.
CoinbaseThe announcement comes as the crypto derivatives market boasts a staggering US$1.3T (AU$2.07T) in monthly trading volume, outpacing the spot market. But, Coinbase isn’t without competition.
For instance, the CME Group, a prominent US derivatives exchange, recorded an average daily crypto trading volume of US$10B (AU$15.92) in Q4 of 2024, despite its offerings being limited to six trading days weekly.
What’s more, Robinhood, one of the most popular trading platforms, announced plans in January to offer Bitcoin and Ether futures as well, so it’s a clear sign that competition is intensifying in the US market.
Related: Report Finds Global Bitcoin Ownership at 4%, Claims Adoption “Just Beginning”
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