Coinbase Derivatives has announced the launch of US Perpetual-Style Futures on July 21, 2025. These futures contracts provide US traders with a regulated, domestic alternative to offshore perpetual futures, combining the flexibility of perpetual contracts with CFTC-regulated oversight.
Key Features of Coinbase’s Perpetual-Style Futures
- No quarterly expirations: Continuous trading without mandatory settlement.
- Spot price tracking: Prices align closely with the underlying crypto markets.
- Embedded leverage: Capital-efficient trading.
- 24/7 availability: Trade anytime, matching crypto market hours.
- Regulated exchange: Operates under US commodity trading laws.
“We’re proud to bring perpetual-style futures to the US—a transformative milestone for market access and innovation.”
— Coinbase
Contract Specifications
The initial offering includes:
- Nano Bitcoin Perpetual-Style Futures (0.01 BTC)
- Nano Ether Perpetual-Style Futures (0.10 ETH)
Both contracts feature:
- 5-year expirations
- Hourly funding rates (settled twice daily) to maintain price parity with spot markets.
Why This Matters for US Traders
Many US traders currently rely on offshore platforms for perpetual futures, exposing them to:
- Regulatory uncertainties
- Custody risks
- Counterparty vulnerabilities
👉 Discover how Coinbase’s regulated futures mitigate these risks
Broader Implications
Coinbase’s launch aligns with its expansion under the EU’s MiCA regulation, securing a unified license to serve 450 million Europeans. This reinforces its role as a global compliance leader.
FAQs
1. How do perpetual-style futures differ from traditional futures?
Traditional futures have set expiration dates, while perpetual futures use funding mechanisms to mimic spot prices indefinitely.
2. What leverage will these contracts offer?
Details are pending, but embedded leverage will likely mirror offshore perpetuals (e.g., 5–20x).
3. Can international traders access these futures?
Initially, the product targets US traders only via Coinbase Derivatives Exchange.
4. Will there be fees for funding rate adjustments?
Yes, hourly funding accruals ensure price alignment, with settlements twice daily.
5. How does this compare to CME’s crypto futures?
CME offers traditional futures (e.g., monthly expirations). Coinbase’s product focuses on perpetual-style flexibility.
👉 Explore crypto derivatives with trusted regulation
Conclusion
Coinbase’s perpetual-style futures bridge the gap between offshore liquidity and US regulatory compliance, offering traders a secure way to engage with crypto derivatives. The July 21 launch marks a pivotal step in domestic market sophistication.
Stay tuned for updates on partner platform integrations and trading guidelines.
### Key SEO Keywords
1. **Coinbase futures**
2. **Perpetual-style futures**
3. **Nano Bitcoin futures**
4. **US regulated crypto derivatives**
5. **Crypto trading 2025**
6. **CFTC-regulated exchange**
7. **Bitcoin futures contracts**