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Coinbase Derivatives to Launch Perpetual Contracts in the U.S. on July 21

Coinbase's 'US Perpetual Futures' will enhance trading options for nano Bitcoin and Ethereum, providing a regulated alternative for U.S. traders.

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Summary

Coinbase announced the launch of 'US Perpetual Futures' on July 21, enabling 24/7 trading of nano Bitcoin and nano Ethereum contracts. Compliant with CFTC regulations, this initiative addresses gaps in the U.S. crypto derivatives market, offering a regulated alternative to overseas exchanges. Funding rates will be charged hourly, with settlements occurring twice daily.

Terms & Concepts
  • Perpetual Contracts: A type of futures contract that does not have an expiration date, allowing traders to hold positions indefinitely.
  • CFTC: The Commodity Futures Trading Commission, a U.S. regulatory agency overseeing derivatives markets.
  • Futures Products: Financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price.