Coinbase International Exchange and Coinbase Advanced Will Introduce Support for BNB Perpetual Futures

This development marks a significant expansion of Coinbase’s derivatives offerings. The BNB-PERP market will launch on or after 9:30 AM UTC on April 3, 2025.

Coinbase International Exchange and Coinbase Advanced will begin supporting BNB perpetual futures, also known as BNB-PERP, on or after 9:30 AM UTC on April 3, 2025, the exchange announced.

Coinbase is introducing support for BNB perpetual futures on its international platforms. The open beta of the BNB-PERP market will commence on or after 9:30 AM UTC 3 APRIL 2025 on Coinbase International Exchange and Coinbase Advanced.

“We will add support for BNB perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our BNB-PERP market will begin on or after 9:30 am UTC 3 APRIL 2025,” Coinbase stated in an official announcement.

Coinbase Traders, the official account for advanced trading on the platform, also shared a post on X, formerly Twitter, highlighting the development. "For those interested, we're planning to add support for BNB perpetual futures on Coinbase International Exchange and Coinbase Advanced in the coming week."

For Coinbase users, this means they will gain access to perpetual futures contracts for BNB. These futures, which do not have an expiration date, will be available on Coinbase International Exchange, catering to non-US users, and Coinbase Advanced, which is tailored for experienced traders.

This move expands Coinbase’s derivatives market and positions the exchange as a competitor to Binance, which already supports BNB futures. Expanding its futures offerings allows Coinbase to attract more traders looking for diversified investment opportunities.

Moreover, for BNB users, the listing on a major global exchange like Coinbase International expands the cryptocurrency’s market reach and provides more trading opportunities. This increased exposure could influence BNB’s market value due to heightened demand and trading volume.

The addition of BNB to Coinbase’s platforms also highlights the growing adoption of cryptocurrency derivatives. As more institutions and retail investors enter the space, demand for sophisticated financial products is expected to rise.

Changpeng Zhao’s Comment Sparks Criticism

The listing of BNB on a prominent exchange like Coinbase also enhances its accessibility and credibility. This increased availability could boost adoption, though traders should remain wary of speculative price movements and volatility surrounding the launch. Binance CEO Changpeng Zhao (CZ) commented on the development.

“No one applied for this. Focus on building. Listing comes naturally. BNB,” CZ stated in response to a user who questioned the application process for listing coins.

His remark suggests the strength of the Binance ecosystem, rather than direct listing applications, drives BNB’s growth and adoption.

While some traders expressed optimism about BNB’s future, others voiced criticism. One user challenged Coinbase’s claim of the ‘natural’ listing of BNB perpetual futures, questioning the transparency and fairness of the selection process.

“Listing comes naturally? Doors that open naturally are often already open for some and locked for others. If there’s no application, who decides who gets ‘naturally’ listed? True decentralization isn’t about not knocking — it’s about removing the doorman,” the user noted.

This critique aligns with broader blockchain debates on true decentralization, which is expected to reduce trust and control disparities, not create new gatekeepers.

Nevertheless, with perpetual futures, leverage opportunities become a key factor. BNB traders on Coinbase can control larger positions with less capital. Notably, while leverage can amplify potential gains, it also increases the risk of significant losses.

Meanwhile, BeInCrypto data shows BNB was trading for $628.40 as of this writing, down by almost 2% in the last 24 hours. The listing is also expected to increase liquidity and volatility for BNB, particularly around the launch date.