In the coming weeks, Coinbase Derivatives, LLC, a CFTC-regulated futures exchange, is launching the first 24/7 Bitcoin and Ethereum futures contracts, giving US traders uninterrupted access to manage risk and seize opportunities—just like crypto. We’re also developing a perpetual-style futures contract, unlocking a key product US traders have been missing. Built in response to strong demand from crypto-native traders, these innovations make US markets more accessible, competitive and aligned with global standards.
The Next Era of US Futures Trading
Derivatives are a cornerstone of global crypto markets, accounting for over 75% of all total trading volume. Yet, much of this activity has taken place internationally, where markets operate 24/7 and offer futures contracts that aren’t confined to traditional expiries. US traders have navigated fixed market hours and expiring contracts, which can create inefficiencies — particularly for those managing crypto exposure. Driven by strong demand from our crypto-native US clients, Coinbase Derivatives, LLC is making regulated futures markets more accessible, transparent, and competitive. Our goal is simple: give traders the tools they need to manage risk and seize opportunities in crypto–on their terms.
The Unlock of 24/7
Today, US futures markets operate within fixed trading hours–out of sync with the 24/7 nature of crypto. This forces traders to sit on the sidelines during key market moves, limiting their ability to react in real time. With the launch of 24/7 access to Bitcoin and Ethereum futures, we’re eliminating this gap.For the first time, US traders will be able to:
- Trade anytime – No more waiting for markets to open; crypto spot markets trade 24/7, and the futures market should too.
- Access different contract sizes – Whether you’re a retail trader or an institution, our nano and large-sized contracts align with broad trading strategies.
- Tap into institutional-grade infrastructure – Our partnership with Nodal Clear ensures CFTC-regulated clearing, and Coinbase Financial Markets will provide seamless market access from day one.
Bringing Perpetual-Style Futures to the US
While true 24/7 trading is a critical step forward, we know traders want more. That’s why we’re also working to bring to market a first of its kind perpetual-style futures contract with long dated expirations—a product designed to mirror the global crypto derivatives market while meeting US regulatory standards.Why does this matter?
- Trade without time constraints – Perpetual futures allow traders to maintain positions without worrying about contract expirations, enabling long-term strategy execution and risk management.
- Bridging the gap for US traders – While global markets already offer perpetual futures, US traders have been at a disadvantage, forced to navigate structures that limit trading flexibility.
- Unlocking a competitive edge – A regulated perpetual-style contract in the US ensures traders can execute strategies efficiently, without relying on offshore alternatives.
We have been actively working with the CFTC, partners, and market participants to finalize the design and to ensure this product meets regulatory requirements as well as client needs. A Call to the Industry For too long, the US has been playing catch-up in crypto derivatives. It’s time for a regulated, accessible, and innovative futures market that meets the needs of the cryptoeconomy. With 24/7 access to Bitcoin and Ethereum futures launching, a perpetual-style futures contract in development, and a growing network of FCMs and institutional partners, Coinbase is leading the charge toward a more competitive and accessible US futures market. We invite FCMs, market participants, and institutions to join us in building the next generation of global crypto derivatives. The next evolution of US markets starts now.
Source: Coinbase
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