Coinbase has announced the launch of perpetual futures trading for U.S. users, allowing them to trade new Bitcoin and Ethereum contracts.
Launch of Perpetual Futures on Coinbase
On July 21, U.S. users of Coinbase gained access to perpetual futures via Coinbase Financial Markets accounts. Initially, Bitcoin (BTC-PERP) and Ethereum (ETH-PERP) contracts are available.
Advantages and Risks of Trading
Perpetual futures allow traders to use up to 10x leverage with fees as low as 0.02%. Users can trade for five years without monthly expiration dates, but it's essential to consider the risks involved in leveraged trading.
Overall Context and Market Impact
Perpetual futures make up nearly 90% of trading volumes in the crypto market. The launch of these products on Coinbase occurs amid a growing regulatory support for cryptocurrencies in the U.S.
The launch of perpetual futures on Coinbase represents a significant step in the development of the U.S. crypto market, opening new opportunities for traders while requiring caution.
