Coinbase Is Breaking New Ground in the US Market by Offering 24/7 Futures Trading for Bitcoin (BTC) and Ethereum (ETH)

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.

Coinbase is set to make history in the United States by introducing 24/7 futures trading for Bitcoin (BTC) and Ethereum (ETH).

The San Francisco-based crypto exchange announced on Monday that its Coinbase Derivatives platform would begin offering the service in the coming weeks.

Coinbase noted that many crypto derivatives currently trade outside US borders, posing challenges for domestic investors.

However, 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, typically ranging from 4:00 PM to 1:00 AM, and the lack of weekend trading.

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 working with the Commodity Futures Trading Commission (CFTC) to gain clarity and ensure compliance in offering 24/7 perpetual futures for BTC and ETH, beginning with a limited beta later this year.

The exchange added: “We believe this innovation will create value for traders by providing them with new opportunities to express their views on the crypto market, around the clock.”

The announcement comes as the crypto derivatives market boasts a staggering US$1.3T (AU$2.07T) in monthly trading volume, outpacing the spot market.

However, despite this demand, only a limited selection of crypto derivatives, such as futures and options, are currently available for trading within the US.

The move by Coinbase to offer 24/7 perpetual futures for BTC and ETH is a significant step in expanding the derivatives market in the US and providing traders with more options to manage their crypto risk.

The exchange added that it is also exploring the possibility of offering futures on other digital assets in the future.

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