Coinbase Derivatives Expands 24/7 Futures Trading to Multiple Altcoins

Coinbase Markets will add round-the-clock futures for 11 major altcoins from December 5, alongside plans for U.S. perpetual-style contracts with five-year expiry to attract institutional investors.

BTC
ETH
SOL

Summary

Coinbase Markets will begin offering 24/7 futures trading for 11 major altcoins including AVAX, BCH, ADA, LINK, DOGE, HBAR, LTC, DOT, SHIB, XLM, and SUI starting December 5. The move builds on existing round-the-clock Bitcoin, Ethereum, Solana, and XRP markets and aims to expand regulated crypto derivatives access. Coinbase also plans to introduce U.S. perpetual-style futures for the same altcoins, structured like offshore perpetual swaps but with a fixed five-year expiry. The initiative targets institutional investors seeking compliant alternatives to offshore venues, potentially shifting non-BTC/ETH futures liquidity toward U.S.-based markets.

Terms & Concepts
  • Futures Trading: A financial contract obligating the buyer to purchase, or the seller to sell, an asset at a predetermined future date and price.
  • Altcoins: Cryptocurrencies other than Bitcoin, often used to describe emerging tokens with various blockchain applications.
  • Perpetual Futures: A type of futures contract without an expiry date, using funding rates to maintain price alignment with the spot market.