Coinbase has announced the launch of new futures products for traders in the U.S., providing access to perpetual contracts for Bitcoin and Ether in a regulated environment.
New Futures Contracts from Coinbase
Coinbase has introduced new contracts for perpetual-style futures, including Nano Bitcoin Perpetual-Style Futures and Nano Ether Perpetual-Style Futures. These contracts have a long expiration of 5 years but operate like perpetual futures with hourly funding accruals and are settled twice daily, ensuring close tracking with spot market prices.
Benefits for Traders
These futures contracts offer 24/7 trading, leverage, and capital efficiency, allowing U.S. traders to access regulated products rather than offshore platforms, which carry risks associated with custody and counterparties.
Comments and Expectations
Boris Ilyevsky, Head of Coinbase Derivatives, stated, "This marks a transformative milestone in U.S. crypto market access." More details on trading access through Coinbase partner platforms are expected soon.
The launch of new futures products by Coinbase is anticipated with great interest as they will provide U.S. traders with a new tool for risk management and long-term strategies in a safe and regulated environment.
