Coinbase to launch DRAM and SOXL perpetual futures on July 16, 2026

Coinbase is preparing to roll out perpetual futures for the Roundhill Memory ETF (DRAM) and the Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL), with trading scheduled to start on July 16, 2026. The contracts will let traders take long or short positions with leverage and without an expiration date, a structure that avoids the need to roll into new futures contracts. The products are tied to traditional exchange-traded funds rather than crypto tokens, but will run on crypto market infrastructure that offers around-the-clock access. Coinbase has offered similar perpetual futures on major U.S. stocks since March 20, 2026, to eligible users predominantly located outside the United States. Leverage on those products can range from 10x to 20x, although the exchange has not publicly finalized the caps, margin terms, or eligibility specifics for the DRAM and SOXL contracts. The two ETFs give traders targeted exposure to the semiconductor sector. DRAM, which debuted on April 2, 2026, focuses on memory chip manufacturers and attracted about $24.82 billion in assets under management shortly after launch. SOXL is a leveraged ETF that seeks three times the daily performance of the PHLX Semiconductor Sector Index. Combining that built-in 3x exposure with 10x to 20x perpetual futures leverage sharply increases risk, potentially magnifying relatively small moves in semiconductor stocks into very large gains or losses for retail traders.