What are the eligibility requirements for trading futures on Coinbase?

To trade futures on Coinbase, users must complete ID verification, meet residency requirements, be at least 18 years old, pass a futures knowledge review, and deposit supported assets to meet margin requirements.

Jul 27, 2025 at 03:01 am

Understanding Futures Trading on Coinbase

Futures trading on Coinbase allows users to speculate on the future price of cryptocurrencies without owning the underlying asset. Unlike spot trading, where assets are bought or sold immediately, futures involve contracts with expiration dates. To participate, users must meet specific eligibility criteria enforced by Coinbase. These criteria ensure that traders understand the risks and comply with regulatory frameworks. Eligibility is not automatic—it requires verification, residency checks, and compliance with U.S. regulatory standards if applicable.

Residency and Geographic Restrictions

Coinbase Futures is only available to users in certain jurisdictions. As of now, U.S. residents (excluding Hawaii and New York) can access Coinbase Futures. International users must check if their country is supported through the Coinbase Futures website. Non-U.S. residents must not be located in restricted territories such as Iran, North Korea, Crimea, or Syria. Users must also ensure their IP address matches their declared country of residence during verification. If discrepancies are found, access may be suspended until resolved.

ID Verification and KYC Requirements

Before trading futures, users must complete Coinbase’s Know Your Customer (KYC) process. This includes:

• Uploading a government-issued ID (e.g., passport, driver’s license)
• Providing proof of address (e.g., utility bill, bank statement less than 90 days old)
• Completing a facial recognition scan via the Coinbase mobile app
• Confirming identity through a live video call if prompted
  All documents must be clear, unexpired, and match the name on the Coinbase account. Failure to complete KYC fully will prevent futures trading privileges from being activated.
  

  Age and Legal Capacity

  
  Users must be at least 18 years old to trade futures on Coinbase. In some U.S. states, the minimum age may be higher—always confirm local laws. Legal capacity means the user must not be under court-appointed guardianship or declared legally incompetent. Minors cannot trade futures even with parental consent. During registration, users affirm they are of legal age and mentally capable of entering into financial contracts.
  

  Futures-Specific Account Review

  
  After completing KYC, users must request access to futures trading through the Coinbase Futures dashboard. This triggers a secondary review that includes:
• Assessing trading history on Coinbase (if any)
• Evaluating understanding of leverage, margin, and liquidation risks
• Confirming the user has read and agreed to the Futures Terms of Service
  This review can take up to 48 hours. Users may be asked to complete a short quiz on futures mechanics to demonstrate basic knowledge. Approval is not guaranteed—even verified users may be denied based on risk profile or incomplete information.
  

  Funding and Margin Requirements

  
  Once approved, users must deposit funds into their Coinbase Futures wallet. Only supported assets (e.g., USDC, ETH, BTC) can be used as collateral. Initial margin requirements vary by contract—for example, a BTC-USD futures contract might require 10% of the position value upfront. Users must maintain maintenance margin levels to avoid liquidation. Deposits must come from the same Coinbase account—not external wallets—to ensure compliance with anti-money laundering (AML) rules.
  

  Common Questions About Eligibility

  Can I trade futures on Coinbase if I’m not a U.S. citizen but live in the U.S.?
  
  Yes, as long as you are a legal resident (e.g., green card holder or on a valid visa) and meet KYC requirements. Citizenship is not the determining factor—residency and compliance are.

  What happens if I move to a restricted state like New York after getting futures access?
  
  Coinbase monitors location via IP and device data. If you relocate to a restricted area, your futures access will be suspended immediately. You must close all open positions before the restriction takes effect.

  Do I need a separate Coinbase account for futures trading?
  
  No. Futures access is enabled within your existing Coinbase account. However, funds must be transferred manually to the Futures wallet from your main Coinbase balance.

  Is there a minimum deposit to start trading futures?
  
  There is no fixed minimum deposit, but you must have enough to cover the initial margin for at least one contract. For example, if the initial margin for a BTC contract is $100, you must deposit at least that amount in a supported asset.