Coinbase to launch CFTC-compliant perpetual futures trading for US traders at its Crypto Summit, offering 24/7 access and high leverage.
The leading U.S.-based cryptocurrency exchange has unveiled plans to launch crypto perpetual futures trading for American traders, emphasizing compliance with Commodity Futures Trading Commission (CFTC) regulations. The announcement was made at Coinbase’s Crypto Summit in New York, where the exchange also showcased various new products.
Coinbase Is Developing Crypto Perpetual Futures for US Traders
Max Branzburg, Coinbase’s Vice President of Product, stated that the forthcoming perpetual futures trading feature will fully adhere to CFTC rules, ensuring regulatory compliance. This follows their recent rollout of 24/7 Bitcoin and Ethereum futures trading, which was quickly expanded to include XRP and other altcoins.
The introduction of perpetual futures will allow traders to speculate on cryptocurrency prices without an expiration date while also providing access to leverage. Coinbase is leveraging an evolving regulatory environment to broaden its U.S. product offerings.
In addition to the futures announcement, Coinbase disclosed a partnership with Stripe to integrate USDC stablecoin payments on Spotify’s platform, further expanding its ecosystem.
Growing Popularity of Crypto Perpetual Futures
Crypto perpetual futures, once a niche product, are gaining significant momentum in the cryptocurrency market. CFTC Commissioner Summer Mersinger recently noted that U.S. markets are poised to embrace perpetual futures trading, signaling a shift in the regulator’s stance despite prior concerns about consumer protection.
Decentralized exchange Hyperliquid is collaborating with the CFTC to develop compliant frameworks amid rising trading volumes. Meanwhile, Binance founder Changpeng Zhao has proposed a dark pool decentralized exchange (DEX) for perpetual futures, and COTI has announced plans for a privacy-focused perpetual DEX to address market manipulation concerns.