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Coinbase to Launch First 24/7 Bitcoin and Ethereum Futures Trading in US
In a significant move, Coinbase has announced the launch of the first CFTC-regulated 24/7 Bitcoin and Ethereum futures trading in the United States. This groundbreaking initiative eliminates fixed trading hours, enabling perpetual-style contracts without expiration dates.
The development follows intense pressure from the cryptocurrency community to adapt to global standards. The absence of continuous trading had been a significant limitation for US traders, who were forced to wait until traditional markets reopened on weekdays and after the weekend. This disparity in availability has led to an uneven playing field, where foreign exchanges could provide uninterrupted access.
As a response to this demand from crypto-native clients, Coinbase Derivatives is launching the first CFTC-regulated 24/7 Bitcoin and Ethereum futures contracts. These perpetual-style futures will cater to institutional traders and retail users alike, accommodating various contract sizes according to trading strategies.
Coinbase has partnered with Nodal Clear for clearing services, ensuring compliance with US regulatory requirements. Meanwhile, Coinbase Financial Markets will provide seamless access to these innovative products from the start of the program.
The crypto derivatives market is a significant sector, representing approximately 75% of all cryptocurrency transactions. The current growth rate indicates it could reach $5 billion by 2032, up from $1.5 billion in 2024. The lack of availability on offshore platforms has led to a substantial amount of trading taking place outside the US.
A recent event served as a stark reminder of these inefficiencies. When former President Donald Trump announced his proposed US Crypto Reserve on a Sunday, spot crypto traders could react immediately. However, futures traders were forced to wait until Monday when markets reopened, highlighting the inadequacy of traditional structures.
Other financial institutions are also making significant strides in adopting extended hours. The Nasdaq Stock Exchange plans to introduce 24-hour trading by 2026, further underscoring the necessity for such an innovation.
Some global markets have already seen increased trading volumes after introducing more continuous sessions. Coinbase views this shift as part of a broader transformation in US markets and is inviting FCMs, market participants, and institutions to collaborate in shaping the future of crypto derivatives.
The new initiative positions Coinbase at the forefront of cryptocurrency trading, offering unparalleled flexibility and accessibility to its users.
Source: https://blockonomi.com/coinbase-to-launch-first-24-7-bitcoin-and-ethereum-futures-trading-in-us/
