Coinbase Derivatives, a CFTC-regulated futures exchange, is preparing to introduce 24/7 Bitcoin and Ethereum futures trading for U.S. traders.
This marks the first time crypto futures will be available around the clock in the U.S., mirroring how cryptocurrency spot markets already operate, according to Coinbase.
Derivatives, which allow traders to bet on future price movements without holding the actual asset, dominate global crypto trading. More than 75% of all crypto trading volume occurs through these contracts.
However, U.S. traders have faced limitations due to fixed market hours and futures contracts that expire at set dates. These restrictions make it harder for traders to react to market changes in real time.
With 24/7 access to Bitcoin (BTC) and Ethereum (ETH) futures, U.S. traders will no longer have to wait for traditional market hours to manage their crypto exposure. The new futures contracts will come in different sizes, catering to both retail traders and institutions.
Coinbase’s partnership with Nodal Clear ensures that these products meet CFTC regulatory standards.
Perpetual-style futures contracts
Coinbase is also developing a perpetual-style futures contract, a product widely used in international markets but not yet available under U.S. regulations.
Beyond 24/7 trading, Coinbase is working on a perpetual-style futures contract, which allows traders to hold positions indefinitely rather than dealing with expirations. Perpetual futures are widely used in global markets but are largely unavailable in the U.S. Coinbase says this product will help U.S. traders compete more effectively with their international counterparts.
The exchange has been working with regulators and market participants to structure these products within U.S. legal requirements. Coinbase sees these moves as a step toward making U.S. crypto derivatives markets more competitive and accessible.
