Coinbase International Processes $100 Billion in Bitcoin Perpetual Futures Contracts

In just one week, Coinbase International, based in Bermuda, has garnered attention by processing approximately $100 billion in Bitcoin perpetual futures.

Coinbase International, the Bermuda-based subsidiary of Coinbase Global (NASDAQ:COIN), has seen a remarkable surge in trading volume, particularly for Bitcoin perpetual futures, rendering it the platform’s top-performing asset.

In just one week, the exchange processed approximately $100 billion in BTC perpetual futures, a volume that dwarfs other trading segments and highlights the platform’s dominant role in the global crypto derivatives landscape.

This volume was driven by global tariff worries that caused market volatility and drove traders towards more flexible instruments like futures. The S&P 500 dropped 20% before recovering, while optimism in the U.S. economy soured, putting more widespread economic stress into consideration.

Bitcoin has also shown remarkable resilience, further solidifying its status as “digital gold”—a trustworthy asset in uncertain environments. This trend was also evident in traditional markets for gold, which saw prices surge above a record $3,200, showcasing increased investor appetite for more secure, safe-haven assets.

Coinbase’s subsidiary, operating under a Bermuda license that enables it to provide new trading products, is catering to a burgeoning demand for crypto derivatives, especially those not subject to U.S. restrictions.

Record-Breaking Growth in Trading Volume

The exchange’s derivatives market activity has seen tremendous growth, with Bitcoin perpetual futures emerging as the platform’s most actively traded asset.

Over the past week, the exchange processed around $100 billion worth of BTC perpetual futures traffic, a volume that dwarfs other trading segments and highlights the platform’s dominant role in the global crypto derivatives landscape.

This volume was driven by global tariff worries that caused market volatility and drove traders towards more flexible instruments like futures. The S&P 500 dropped 20% before recovering, while optimism in the U.S. economy soured, putting more widespread economic stress into consideration.

Bitcoin has also shown remarkable resilience, further solidifying its status as “digital gold”—a trustworthy asset in uncertain environments. This trend was also evident in traditional markets for gold, which saw prices surge above a record $3,200, showcasing increased investor appetite for more secure, safe-haven assets.

Coinbase’s subsidiary, operating under a Bermuda license that enables it to provide new trading products, is catering to a burgeoning demand for crypto derivatives, especially those not subject to U.S. restrictions.

However, this isn’t the first time Coinbase has hit all-time highs in open interest and trading volumes. These figures usually indicate more than a temporary market boom. They are evidence of the company’s growing role as a global crypto derivatives leader, which has been mentioned in recent reports about Coinbase’s performance.

Coinbase is expanding its offerings and targeting new markets to capitalize on the evolving needs of institutional investors. This move also highlights the competitive landscape in the crypto exchange industry, with platforms like Binance constantly striving to innovate and attract new traders.

As of April 18, 2025, Bitcoin’s market price has risen to $84,922.96, bringing its total market value to $1.69 trillion. This represents a 1.13% increase in the last 24 hours, according to CoinMarketCap.

Although trade volume has recently decreased, Bitcoin maintains its leading position in the market, accounting for 63.12% of the total. Currently, there are 19,852,803 Bitcoins in circulation, with a maximum supply of 21 million.

Coinbase’s subsidiary, operating under a Bermuda license that enables it to provide new trading products, is catering to a burgeoning demand for crypto derivatives, especially those not subject to U.S. restrictions.

This move also highlights the competitive landscape in the crypto exchange industry, with platforms like Binance constantly striving to innovate and attract new traders.

Coinbase International's expansion and institutional focus are setting the stage for a new chapter in the global crypto market, driven by emerging technologies, a global economic outlook, and the evolving needs of institutional investors.