Coinbase, the largest cryptocurrency exchange in the US, has announced the launch of perpetual futures products for users in the country. This initiative comes amid increasing clarity regarding crypto regulation.
New Perpetual Futures for Bitcoin and Ethereum
Coinbase announced on Monday the start of trading for two futures contracts — nano Bitcoin (BTI) and nano Ethereum (ETI). According to the company, these contracts offer leverage up to 10x and can have maturities of up to five years.
Regulatory Changes in the US
The launch of new products coincides with significant developments regarding cryptocurrency regulation in the US. The recently passed GENIUS Act provides a clear legal framework for stablecoins, while the Clarity Act aims to clarify the mandates of regulatory bodies like the SEC and CFTC.
Market Reaction to the Launch
These regulatory changes have led to significant price increases for many major crypto assets, particularly Bitcoin and Ethereum. Coinbase shares reached an all-time high of $437 last Friday, but as of Monday, they closed at $413.63.
The launch of perpetual futures on Coinbase is a significant step for crypto investors in the US, providing them with new trading opportunities amid positive changes in market regulation.
