Daniel Walker
Coinbase, one of the world’s leading cryptocurrency exchanges, has announced the launch of 24/7 Bitcoin and Ethereum futures trading, starting this Friday. This move will allow both retail and institutional traders to access futures markets any time, including weekends, offering more flexibility and responsiveness to market shifts.
According to an official company statement, Coinbase Derivatives, a CFTC-regulated division, will oversee the service. The platform ensures continuous risk management and trade execution support, giving users the ability to act on market-moving news and price fluctuations outside traditional business hours. All trades will be cleared via Nodal Clear, a regulated clearinghouse under the CFTC.
“We’ve worked closely with the CFTC to bring the first-ever fully regulated 24/7 Bitcoin and Ethereum futures contracts to life,” said Boris Ilyevsky, CEO of Coinbase Derivatives, in a statement to PRIME.
Coinbase Plans to Expand Futures Offerings in the U.S.
Looking ahead, Coinbase Derivatives intends to introduce perpetual-style futures contracts for U.S. users. Industry players like Virtu Financial, ABN AMRO, Wedbush Securities, and Coinbase Financial Markets are partnering to support this rollout.
The 24/7 trading initiative was initially hinted at in March, and now it’s becoming a reality for U.S.-based traders using Coinbase Advanced.
“The arrival of round-the-clock, CFTC-regulated markets is a turning point for crypto trading in the U.S.,” noted Andy Sears, CEO of Coinbase Financial Markets. “We’re proud to provide seamless access to futures markets, empowering our users to trade any time they choose.”
Strategic Expansion Includes $2.9 Billion Deribit Acquisition
This major step forward for Coinbase follows its announcement to acquire Deribit, one of the world’s largest crypto derivatives exchanges, in a $2.9 billion deal. The acquisition will significantly strengthen Coinbase’s footprint in the global crypto derivatives space.
Kraken Also Steps Up Its Derivatives Game
Coinbase isn’t the only exchange expanding its derivatives offerings. Kraken has also launched new instruments in recent months, including GBP/USD and EUR/USD perpetual forex futures with up to 20x leverage. The firm later introduced a dedicated derivatives platform for professional users in the UK, aiming to solidify its market share in the high-stakes futures market.
Bitcoin Futures Market Approaches $2 Trillion Monthly Volume
With Bitcoin futures volumes hitting $1.9 trillion in April—including $22.1 billion on Deribit alone—Coinbase’s move into 24/7 trading is tapping into a market with enormous potential.
