Coinbase Introduces 24/7 Crypto Futures Trading for U.S. Users
Coinbase has rolled out 24/7 bitcoin and Ethereum futures trading for U.S. customers. This service is available through Coinbase Derivatives, a CFTC-regulated entity. Starting May 9, traders can access crypto futures anytime, including weekends.
This move comes just after Coinbase acquired Deribit,a crypto derivatives exchange,for $2.9 billion. The acquisition underscores Coinbase’s commitment to the global derivatives market.
The new round-the-clock futures product is open to both retail and institutional users. It brings regulated crypto markets closer to the always-on nature of digital assets.
Coinbase Derivatives’ infrastructure ensures uninterrupted trading and clearing. All transactions are processed through the CFTC-approved Nodal Clear. Market maker Virtu Financial supports liquidity. ABN AMRO, Wedbush Securities, and Coinbase Financial Markets also contribute to distribution.
Coinbase plans to introduce perpetual-style futures for U.S. users soon. These are among the most popular crypto derivatives globally.
Despite this progress, Coinbase’s first-quarter revenue was $2.03 billion, missing Wall Street’s $2.12 billion estimate. Consumer trading volume fell by 17% from the previous quarter. Stablecoin revenue increased, but adjusted earnings dropped to $1.94 per share.
