Coinbase is opening more than 170 derivative contracts to eligible UK professional investors, covering crypto, commodities, equities and forex. The lineup includes futures, perpetuals and crypto options, with perpetuals offering up to 50x leverage. The rollout will happen over the coming weeks and months, via CB Payments Ltd.'s investment services permission, following Coinbase's UK investment services authorization in July. The FCA will impose requirements on financial soundness, capital, stress testing and market integrity.
Coinbase is expanding its UK footprint with a suite of over 170 derivative contracts aimed at eligible professional investors. The products span cryptocurrencies, commodities, equities and forex, according to ChainCatcher. The rollout is expected to take place gradually over the coming weeks and months.
The lineup includes futures, perpetual swaps and crypto options. Perpetuals carry no expiry date and support long, short and neutral strategies, with leverage up to 50x. Fixed-term futures offer up to 20x leverage and come with a set settlement date.
Coinbase secured UK investment services authorization in July. The derivatives business will operate under the investment services permission held by CB Payments Ltd.
Initially, only eligible UK professional investors will gain access. The UK Financial Conduct Authority (FCA) will enforce requirements around financial soundness, capital adequacy, stress testing and market integrity.
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