The leading cryptocurrency exchange, Coinbase, announced the launch of its new US Perpetual-Style Futures on July 21, sparking excitement in the crypto community.
Coinbase team writes in a blog post, “This will be one of the first products of its kind in the US and aims to fill a critical gap in the domestic derivatives market.”
The new product suite will closely track spot prices, offer leverage, and maintain full compliance with the Commodity Futures Trading Commission (CFTC) regulations.
These contracts will provide traders with a regulated alternative to offshore perpetual futures, which currently dominate global crypto trading.
Unlike traditional futures, perpetual contracts have no expiration date, which makes them a preferred tool for traders who seek continuous exposure.
While these products are widely available on international platforms, U.S. traders have historically faced regulatory hurdles. This obstacle has forced many to rely on offshore exchanges, which also exposed them to counterparty and custody risks.
Coinbase’s new offering eliminates this need by providing a domestic, CFTC-compliant solution with familiar perpetual-style mechanics. This includes simplified expirations, capital efficiency, and enhanced risk management.
According to the official announcement, the initial rollout will feature two contracts: nano Bitcoin Perpetual-Style Futures (0.01 BTC) and nano Ether Perpetual-Style Futures (0.10 ETH).
These smaller denominations allow for flexible position sizing, which caters to both retail and institutional traders. The contracts will operate as long-dated futures with 5-year expirations and 24/7 trading.
It incorporates an hourly funding rate mechanism to ensure prices remain closely aligned with spot markets.
Further details on trading availability through partner platforms will be announced soon, with plans to expand access to retail users in the coming months. This launch shows a transformative milestone for U.S. crypto markets, which shows a new era of innovation and regulatory-compliant derivatives trading.
Some experts believe that the launch will shift liquidity back to domestic platforms, which reduces reliance on offshore venues and strengthens the US’s position in the global asset ecosystem.
On June 18, Coinbase held its annual shareholder meeting. The crypto giant is currently valued at around $90 billion, with shares trading at $354.80. The company, which has seen its stock rise nearly 39% this year, presented three key proposals.
Shareholders voted to elect 10 board members, including CEO Brian Armstrong and well-known figures like Marc Andreessen and Fred Wilson. Each director received between 891 million and 948 million votes, with some opposition (ranging from 700,000 to 57 million withheld votes). About 47 million votes were not counted due to broker rules.
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