Coinbase to Launch 24/7 Bitcoin and Ethereum Futures Contracts

Coinbase is looking to tap into the growing demand for crypto trading with a round-the-clock futures offering for Bitcoin (BTC) and Ethereum (ETH).

Coinbase is set to introduce round-the-clock futures trading for Bitcoin (BTC) and Ethereum (ETH), capitalizing on the increasing demand for such offerings.

The exchange, the biggest regulated US-based provider, will offer the BTC and ETH futures to US customers through its Commodities Futures Trading Commission (CFTC)-regulated platform, Coinbase Derivatives Exchange.

In an announcement on Friday, Coinbase said the 24/7 futures trading for the two main digital assets will launch in the coming weeks.

“Today, US futures markets operate within fixed trading hours–out of sync with the 24/7 nature of crypto. This forces traders to sit on the sidelines during key market moves, limiting their ability to react in real time. With the launch of 24/7 access to Bitcoin and Ethereum futures, we’re eliminating this gap,” said Greg Tusar, vice president for institutional product at Coinbase.

Coinbase is also planning to introduce perpetual-style futures contracts to US customers, which is not possible with offshore exchanges that are not subject to US regulations.

“While true 24/7 trading is a critical step forward, we know traders want more. That’s why we’re also working to bring to market a first of its kind perpetual-style futures contract with long dated expirations—a product designed to mirror the global crypto derivatives market while meeting US regulatory standards,” Tusar added.

Coinbase will be entering a market already dominated by global crypto exchanges, such as Binance and OKX, which already offer a wide range of futures products.

However, Coinbase will be able to offer these products to US customers with its CFTC-regulated platform, which could be a major advantage in the current regulatory climate.

Coinbase is promising to bring new opportunities to users in an market expected to benefit from growing pro-crypto regulation, particularly in the US.

“Our goal is simple: give traders the tools they need to manage risk and seize opportunities in crypto–on their terms,” Coinbase said.