Coinbase Global Inc. Launches 24/7 Trading for Bitcoin and Ethereum Futures

As revealed in a note to the community, crypto exchange Coinbase Global Inc. has launched 24/7 trading for Bitcoin and Ethereum futures.

Crypto exchange Coinbase Global Inc has launched 24/7 trading for Bitcoin and Ethereum futures, a move that expands leveraged futures contracts to be traded around the clock on a CFTC-regulated exchange for the first time.

The development, which was announced in a note to the community, is expected to give U.S. traders greater flexibility and access to the fast-moving world of digital assets.

Bitcoin and Ethereum Futures Trading Non-Stop

Announcing the launch of 24/7 futures trading for Bitcoin and Ethereum, Coinbase Derivatives, LLC, a subsidiary of Coinbase, said that the service began on May 9.

According to the announcement, traders in the U.S. can now react to market changes at any hour of the day or night, including weekends, removing the usual limitations imposed by traditional market hours.

The crypto exchange explained that the platform was designed with the always-on nature of crypto trading in mind. The system’s infrastructure was designed for stability and optimal performance, time and again.

Nodal Clear, a CFTC-regulated clearinghouse, will be handling the clearing activity. The move includes liquidity support from Virtu Financial and access through key futures commission merchants like ABN AMRO, Wedbush Securities, and Coinbase Financial Markets.

Coinbase is not planning to stop at futures. The company is already working on introducing perpetual-style futures, a popular instrument in crypto trading, but one not yet available in a regulated U.S. environment.

Market Rebound, a Gift to Coinbase Futures

It is worth noting that this new product arrives during a strong digital asset bull rally. The largest cryptocurrency, Bitcoin, recently passed the $103,000 mark, lifting its market value to $2.03 trillion. As of this writing, CoinMarketCap data shows that BTC was trading at $102,599.61, which is up 1.58% in 24 hours.

In addition, Bitcoin has surpassed Amazon to become the fifth most valuable asset in the world. Within 24 hours, more than $1 billion in short positions were liquidated, highlighting the intensity of market activity.

It is also worth noting that Ethereum has seen a significant rally as the broader market took shape CoinMarketCap data shows it is currently trading at $2,309.28, up by 12.55%.

Rising activity from institutional investors is helping to boost market confidence, reflected in its trading volume, which has climbed by 12.55% to $52.22 billion.

Coinbase to Expand Reach With Deribit Deal

The Brian Armstrong-led exchange is making headlines for many reasons beyond the Bitcoin futures update. It is finalizing a $2.9 billion deal to buy Deribit, the largest crypto options platform globally.

The acquisition would strengthen Coinbase’s offerings by adding options trading to its existing spot and futures services.

Coinbase exchange also draws attention to regulatory trends. A recent FOIA request revealed conflicting internal views within the U.S. SEC on crypto regulation.

Coinbase’s legal team says the findings show a clear gap between the agency’s public stance and private discussions, especially regarding assets like Ethereum and XRP.