Coinbase Derivatives to Launch New Bitcoin and Ethereum Futures on July 21

Coinbase Derivatives plans to launch two U.S. Perpetual-Style Futures on July 21, aiming to provide a safer alternative for traders. The new contracts, Nano Bitcoin and Nano Ether Perpetual Futures, will offer round-the-clock trading and a five-year expiration. This initiative marks a significant step in US crypto trading, paralleling global trends, while ensuring compliance with regulations. A MiCA license has recently been obtained, allowing Coinbase to operate across EU countries more effectively.

Coinbase Derivatives is gearing up to launch two new U.S. Perpetual-Style Futures, set to hit the market on July 21. This new development is aimed at providing U.S. traders with a safer, regulated alternative to offshore platforms that many are currently using, which often come with various risks.

The first of the new contracts is the Nano Bitcoin Perpetual Futures, valued at 0.01 BTC, while the second is the Nano Ether Perpetual Futures, representing 0.10 ETH. At present, numerous U.S. traders rely on foreign exchanges for perpetual futures trading, raising concerns about regulatory discrepancies and security issues.

These new futures will have a notable five-year expiration timeframe, can be traded round-the-clock, and incorporate a funding rate designed to maintain prices in line with market rates. Specifically, funding will occur hourly and will settle twice each day.

Globally, perpetual futures have seen an explosion in popularity, accounting for nearly 90% of crypto trading in some situations. By introducing these products, Coinbase aims to extend a similar offering to American traders, all while bolstering the safety net that comes with U.S. oversight. This is intended to simplify risk management, support long-term investments, and enhance trade sizing.

Describing it as a “transformative milestone” for the U.S. crypto landscape, Coinbase suggests this initiative will usher in a new era of accessibility and innovation in the United States. They are also poised to unveil more insights about how traders will gain access to these futures in collaboration with their partners.

In addition to this, it’s worth noting that Coinbase recently secured a MiCA license from Luxembourg, allowing for seamless operations across all 27 EU nations under a unified regulatory framework. This change negates the need for individual licenses in countries like Germany, France, and Italy, thereby simplifying Coinbase’s ability to cater to roughly 450 million Europeans.

Daniel Seifert remarked ambitiously, “This milestone marks a significant step” towards a more regulated and accessible crypto trading environment.
Also of interest: Wrapped Litecoin (cbLTC) Goes Live on Base via Coinbase.