Coinbase, the crypto platform headquartered in San Francisco, has initiated the phased rollout of its bitcoin and ethereum futures products. Coinbase Futures (CFM) aims to increase the accessibility of futures trading for retail cryptocurrency traders, as announced on Wednesday. This launch enables Coinbase Advanced customers located in the United States to start trading regulated crypto futures contracts.

Coinbase clarifies that futures derivatives products enable traders to mitigate risk and broaden their investment portfolio. The announcement also emphasizes that while leverage in futures trading can be advantageous, it can also result in losses exceeding the initial investment amount.

The company emphasized that CFM's approval to offer federally regulated cryptocurrency futures trading in August was a significant milestone, highlighting progress in the crypto trading sector. Coinbase also highlighted the importance of education in CFM's approach, offering a range of articles to educate traders on various aspects of futures trading, including its basics and associated risks.

Regarding the firm's stock (Nasdaq: COIN), it has seen a 0.48% increase for the month, a substantial 58% growth over the past six months, and a remarkable 111% gain year-to-date against the U.S. dollar. Customers not using Coinbase Advanced can apply to trade futures with CFM, subject to successful completion of anti-money laundering/know-your-customer (AML/KYC) and verification processes.