Coinbase Derivatives Announces US Perpetual-Style Futures
Today, Coinbase Derivatives has announced the launch of US Perpetual-Style Futures on July 21. These new futures contracts are designed to offer US traders a domestic, regulated alternative to the popular perpetual futures widely used on offshore platforms.
"We are excited to announce the upcoming launch of US Perpetual-Style Futures on Coinbase Derivatives Exchange, designed to mirror the functionality of global perpetual futures while adhering to US regulatory standards. Internationally, perpetual futures have become the dominant crypto derivatives product, representing upwards of 90% of total crypto trading activity in some reports," stated the company.
Contract Details and Funding Rate Mechanism
The initial launch will include nano Bitcoin Perpetual-Style Futures (0.01 BTC) and nano Ether Perpetual-Style Futures (0.10 ETH) contracts. These contracts will have five-year expirations, trade 24/7, and include a funding rate mechanism designed to keep futures prices closely aligned with spot market prices. Funding will accrue hourly and be settled twice daily during designated cash adjustment periods.
Currently, many US based traders access perpetual futures through offshore platforms, which may involve regulatory, custody, and counterparty risks. The new contracts aim to eliminate those risks by offering a domestic and compliant alternative.
Coinbase states that these products are intended to provide regulated exposure to the Bitcoin and crypto market with flexibility in position sizing and capital efficiency. More details on trading access through partner platforms are expected to be shared ahead of the launch.
Compliance Significance and EU MiCA License
"We're incredibly proud to bring perpetual-style futures to the US – a transformative milestone that will represent the beginning of a new era in US market access, efficiency, and innovation," the company stated.
On June 20, Coinbase obtained the European Union's Markets in Crypto-Assets Regulation (MiCA) license from Luxembourg's financial regulator, enabling it to operate across all 27 EU member states under a unified framework. The license allows Coinbase to serve approximately 450 million Europeans under a single regulatory framework, replacing separate licenses previously held in Germany, France, Ireland, Italy, The Netherlands, and Spain.
"This milestone marks a significant step and enables us to operate under a unified, regulated crypto environment in one of the largest economic regions in the world, while solidifying Coinbase's position as a global leader in regulatory compliance and innovation," stated Daniel Seifert.