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Coinbase Set to Introduce 24/7 Trading and Perpetual Futures for US Market
In a move aimed at enhancing market accessibility and competitiveness, Coinbase Derivatives, LLC is set to introduce continuous trading in Bitcoin (BTC) and Ethereum (ETH) futures for the US market. This development marks a significant shift in the global cryptocurrency landscape.
According to an official announcement made on March 10, Coinbase Derivatives aims to address long-standing limitations faced by domestic traders by aligning US trading hours with the round-the-clock nature of global crypto markets. This move is expected to bring about unrestricted market access for traders, allowing them to respond instantly to market movements.
Some key features of the upcoming service include:
* Unrestricted market access: Traders will no longer need to wait for market openings to manage risk or seize opportunities.
* Varied contract sizes: The new offering will cater to both retail and institutional traders with nano and large-sized contracts.
* Institutional-grade infrastructure: Coinbase Derivatives has ensured that the trading process will be seamless through clearing by Nodal Clear and market access via Coinbase Financial Markets, which is fully compliant with US regulatory frameworks.
The company is also working on developing a perpetual-style futures contract, a product previously unavailable to US traders under current regulatory guidelines. Unlike traditional futures contracts, perpetual contracts do not have fixed expirations, enabling traders to maintain positions indefinitely. The development of these contracts is being done in collaboration with the Commodity Futures Trading Commission (CFTC) and other market participants.
While no exact launch date has been announced for the perpetual-style futures contract, Coinbase Derivatives expects to roll out 24/7 trading within the coming weeks.
Overall, this move is expected to have a significant impact on the US cryptocurrency market, providing institutional-grade infrastructure and expanded product offerings.
