
Coinbase will list Merlin Chain perpetual futures, with access for retail and institutional traders on respective platforms, starting 17:30 Beijing time pending liquidity requirements.
Coinbase Markets announced it will list Merlin Chain (MERL) perpetual futures on December 18, 2025, with trading scheduled to start at 17:30 Beijing time, dependent on liquidity availability. According to the official statement, retail users in eligible regions can trade MERL perpetual futures via Coinbase Advanced, while institutions in supported jurisdictions can access them through Coinbase International Exchange.