Coinbase Derivatives, LLC, a CFTC-regulated futures exchange, is set to introduce 24/7 Bitcoin and Ethereum futures trading in the United States, marking a significant shift in market accessibility.
The move, announced on March 10, aligns US trading hours with the round-the-clock nature of global crypto markets, addressing long-standing limitations faced by domestic traders.
Additionally, the company is developing a perpetual-style futures contract, a product previously unavailable to US traders under current regulatory frameworks.
Addressing Market Gaps
Per the announcement, crypto derivatives represent over 75% of global trading volume, yet US traders have historically contended with fixed trading hours and contracts subject to expiration.
Notedly, these restrictions often create inefficiencies, particularly in a market that operates continuously worldwide. Coinbase Derivatives aims to bridge this gap by offering uninterrupted access to Bitcoin and Ethereum futures.
“With 24/7 futures trading, we are eliminating the barriers that have traditionally kept US traders from responding in real-time to crypto market movements,” said Greg Tusar, a Coinbase executive. “This move makes US markets more accessible, competitive, and aligned with global standards.”
Read Also: Coinbase Expands Crypto Derivatives Offerings with Solana and Hedera Futures Contracts
Key Features of the Coinbase Derivatives 24/7 BTC and ETH Futures
The introduction of 24/7 futures trading will provide:
Unrestricted market access – Traders will no longer need to wait for market openings to manage risk or seize opportunities.Varied contract sizes – Nano and large-sized contracts will cater to both retail and institutional traders.Institutional-grade infrastructure – With clearing through Nodal Clear and market access via Coinbase Financial Markets, traders will operate within a regulated framework.
Perpetual-Style Futures on the Horizon
Beyond continuous trading, Coinbase Derivatives is also working on a perpetual-style futures contract, a widely used product in global crypto markets that remains absent in the US.
Unlike traditional futures, perpetual contracts do not have fixed expirations, allowing traders to maintain positions indefinitely.
Notably, the development of these contracts is ongoing in collaboration with the Commodity Futures Trading Commission (CFTC) and other market participants to ensure compliance with US regulations.
While an exact launch date for the perpetual-style futures is yet to be announced, the rollout of 24/7 futures trading is expected in the coming weeks.
