- Coinbase Derivatives has revealed plans to introduce 24/7 Bitcoin and Ethereum futures trading for US traders on May 9.
- The initiative will enable US-based investors in crypto derivatives to engage in Bitcoin and Ethereum futures contracts at any hour.
- The contracts will be supported by Coinbase Financial Markets and cleared via Nodal Clear, ensuring a robust institutional framework.
Coinbase opens doors for round-the-clock trading of Bitcoin and Ethereum Futures
Coinbase has unveiled its decision to launch continuous trading capabilities for US traders on May 9, 2025, coinciding with the US Congress advancing a bill aimed at regulating crypto stablecoins. Until now, US traders have encountered restricted access due to standard market hours and expiration policies.
With the rollout of 24/7 trading, Coinbase seeks to address inefficiencies that hinder traders from promptly responding to price fluctuations.
Perpetual futures to address US trading challenges
Alongside the round-the-clock trading, Coinbase is also in the process of creating a perpetual-style futures contract. In contrast to conventional futures, these contracts will lack expiration dates, allowing traders to hold their positions indefinitely.
The introduction of perpetual-style contracts is designed to offer US traders improved hedging options and execution of strategies.
By removing the limitations of fixed expirations, traders can establish long-term positions without interruptions. Additionally, establishing a regulated perpetual futures market in the US could decrease the dependence on offshore exchanges that have historically provided more appealing alternatives.
Regulatory factors in the crypto space remain vital. In recent years, Coinbase has collaborated closely with the Commodity Futures Trading Commission (CFTC) to ensure compliance while broadening its derivatives offerings to various altcoins.
This week, US Congress also moved forward with legislation regarding crypto stablecoin regulations, as the administration strives to promote crypto reserves to alleviate the rising national debt.
Important points for Coinbase users:
- Coinbase Derivatives is set to launch 24/7 Bitcoin and Ethereum futures for US traders starting May 9.
- The platform is working on perpetual-style futures to eliminate expiration constraints, enhancing trading flexibility within US markets.
- This initiative is expected to encourage institutional adoption of crypto, while reducing reliance on offshore derivative platforms.
Currently, derivatives represent more than 75% of the total global crypto trading volume, according to CCdata.
Investors are optimistic that the upcoming launch of futures trading on Coinbase will lead to increased capital inflows into BTC and ETH derivatives markets.
Bitcoin Derivatives Markets Analysis, April 4
As of the latest update, Bitcoin futures open interest stands at $53 billion, reflecting a 1.6% increase over the past 24 hours, according to data from Coingecko.
Market participants expect that the forthcoming launch of futures trading and the development of perpetual contracts will foster greater institutional engagement in US-based crypto derivatives.
Perpetual futures, which do not have expiration dates, provide traders with the ability to maintain positions indefinitely, offering increased flexibility for long-term strategies.