Key Takeaways:
- 24/7 BTC & ETH Futures: Coinbase will launch round-the-clock Bitcoin and Ether futures trading for US users, expanding its derivatives offerings.
- Regulatory Compliance: Coinbase is working with the CFTC to ensure compliance, as US regulations limit access to perpetual futures.
- Market Competition: The move positions Coinbase against CME Group and Robinhood in the growing US crypto derivatives market.
Coinbase has announced plans to launch 24/7 Bitcoin (BTC) and Ether (ETH) futures trading for US residents, expanding its derivatives offerings.
The exchange is also introducing perpetual futures with long-term expirations, aiming to provide more flexibility for traders.
24/7 trading access to Bitcoin & Ethereum futures is coming to the US 🇺🇲.
— Coinbase 🛡️ (@coinbase) March 10, 2025
No market hours. No waiting. No missed opportunities.
And this is just the beginning. US perpetual futures are next. pic.twitter.com/PCsRG1EdVL
Currently, much of the crypto derivatives market operates outside the US, forcing American traders to navigate limited trading hours and expiring contracts, which Coinbase sees as inefficient.
Futures contracts allow traders to buy or sell assets at a set price on a specific date, while perpetual futures have no expiration.
However, due to regulatory uncertainty, many US exchanges restrict access to perpetuals.
Coinbase stated it is working with the Commodity Futures Trading Commission (CFTC) to ensure compliance with US regulations.
The crypto derivatives market has grown significantly, reaching $1.3 trillion in monthly trading volume as of September 2023, surpassing spot trading.
Coinbase’s move places it in competition with CME Group, which generated $6.1 billion in revenue in 2024 and reported an average daily crypto derivatives trading volume of $10 billion.
Robinhood is also entering the space with its own BTC and ETH futures offerings.
With these new services, Coinbase is strengthening its position in the evolving US crypto derivatives market.