Coinbase Derivatives is set to roll out the first round-the-clock Bitcoin and Ethereum futures for U.S. traders, removing traditional market time constraints and introducing a new type of futures contract.
A New Era in Trading: 24/7 Futures
Coinbase plans to launch 24/7 trading for Bitcoin and Ethereum futures in the coming weeks, enabling traders to react to key market movements in real time. Unlike other U.S.-regulated markets with significant downtime, Coinbase’s initiative will eliminate these constraints.
Features of the New Contract
The initiative includes the development of a perpetual futures contract that meets both U.S. regulatory requirements and market participants' interests. This will be the first such initiative for a platform regulated by the Commodity Futures Trading Commission (CFTC).
Regulatory Approval and Prospects
Coinbase has received approval from the National Futures Association to operate as a futures commission merchant. This opens new avenues for U.S. investors in crypto derivatives, previously inaccessible to them. The share of futures trading on decentralized exchanges has also been rising over the past six months.
The launch of 24/7 Bitcoin and Ethereum futures by Coinbase Derivatives may significantly change the approach of U.S. traders to cryptocurrencies, offering more opportunities for active trading and diversification.
