Coinbase Derivatives Launches 24/7 Trading for Bitcoin and Ethereum Futures Contracts

Coinbase Derivatives LLC has introduced 24/7 trading for Bitcoin and Ethereum futures contracts in the United States, marking a significant development

Coinbase Derivatives LLC has commenced 24/7 trading of Bitcoin and Ethereum futures contracts in the United States, marking a significant milestone in the regulated derivatives market.

The service, which is powered by Coinbase Derivatives, a subsidiary of Coinbase Global, Inc. (NASDAQ:COIN), and regulated by the U.S. Commodity Futures Trading Commission (CFTC), became active on May 9.

It allows retail and institutional traders in the U.S. to execute leveraged futures contracts at any time.

The move aims to align regulated trading access with the continuous nature of the global cryptocurrency markets, which operate without interruption across time zones.

Futures trading enables market participants to manage their exposure to price movements and respond to volatility.

Coinbase Derivatives has partnered with Nodal Clear, a CFTC-regulated clearinghouse, to handle all trade clearing in support of this market structure. The infrastructure is designed for uninterrupted operation, ensuring reliability and compliance in a non-stop trading environment.

“Launching a fully compliant 24/7 market required significant preparation and investment in robust infrastructure, 24/7 risk management protocols and close collaboration with our partners to ensure operational integrity and resilience from day one,” said Nodal Clear CEO Paul Cusenza.

Market liquidity will be provided by Virtu Financial (NYSE:VIAT), which has committed to supporting the platform with consistent pricing and trade execution.

This partnership aims to contribute to the overall efficiency and accessibility of the new 24/7 futures market.

Several Futures Commission Merchants (FCMs) are also supporting the launch, including ABN AMRO Clearing Bank, Wedbush Securities Inc. (NYSE:WBHS), and Coinbase Financial Markets.

These firms will be offering access to Coinbase Derivatives’ new products and providing assistance with onboarding and client support.

Executives from the involved firms highlighted the operational significance of the launch, noting that the extended trading hours align with U.S.-based crypto derivatives offerings.

The offering includes nano and standard-sized contracts for Bitcoin and Ethereum, facilitating diverse trading strategies for various participants.

Coinbase Derivatives is planning to further expand its product offerings by introducing perpetual-style futures contracts within the U.S. market.

Coinbase is also expanding its footprint in the derivatives market. Earlier this year, the firm announced the acquisition of Deribit, a major cryptocurrency exchange known for its options trading services, in a deal valued at $2.9 billion.

The move aims to strengthen Coinbase’s position in the rapidly growing crypto derivatives space and support the rollout of new products and services in a compliant manner.

Coinbase’s initiative is part of a broader strategic shift as major financial institutions are increasingly investing in digital assets and seeking to integrate them into their offerings.