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Coinbase Launches Perpetual Futures Trading in the U.S.

Coinbase introduces CFTC-regulated perpetual futures for U.S. retail traders, providing a compliant alternative to offshore derivatives markets.

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Summary

Coinbase has launched CFTC-regulated perpetual futures for U.S. retail traders, starting July 21, 2025. The new nano Bitcoin (BTC-PERP) and nano Ether (ETH-PERP) contracts offer up to 10x leverage, enabling enhanced trading opportunities within a regulated framework. This move aims to attract U.S. traders back from unregulated offshore platforms, while Coinbase plans to expand its offerings to include more cryptocurrencies in the future.

Terms & Concepts
  • Perpetual Futures: A type of futures contract with no expiration date, allowing traders to hold positions indefinitely.
  • CFTC: The Commodity Futures Trading Commission, a U.S. regulatory agency overseeing futures and options markets.
  • Leverage: The use of borrowed funds to increase the potential return of an investment.