Coinbase Futures announced the release of a new perpetual futures product in the U.S. on July 21. This product, dubbed 'US Perpetual-Like Futures', will serve as a domestic alternative to popular perpetual contracts on offshore exchanges.
Product Announcement and Features
Coinbase stated that it will launch perpetual futures contracts designed to mirror how global perpetual futures operate while remaining fully compliant with U.S. regulations. In the first phase, contracts for nano Bitcoin (0.01 BTC) and nano Ether (0.10 ETH) will be offered, with a five-year maturity. These contracts will be tradable 24/7 and will include a funding rate mechanism for alignment with spot prices.
Regulatory Advantages
Coinbase aims to address regulatory, custody, and counterparty risk issues that many U.S. investors face when trading through offshore platforms. The new product will allow trading in a regulated environment, mitigating these risks.
Next Steps and Prospects
The company noted that these futures will provide regulated access to the cryptocurrency market with flexible position sizes and high capital efficiency. More information about product access is expected to be shared ahead of the launch.
The launch of US Perpetual-Like Futures represents a significant step for the cryptocurrency market in the U.S., opening new opportunities for traders while providing additional security guarantees.
