Coinbase，CFTC和永久未來：美國加密貨幣交易的新時代

Coinbase正在推出符合CFTC的永久期貨，這標誌著美國加密衍生物的關鍵時刻。這就是對交易者和市場的意義。

The crypto world just got a little more interesting, especially for us folks stateside. Coinbase is stepping up its game, bringing perpetual futures to the US market under the watchful eye of the CFTC. It's a big deal, so let's break it down.

加密世界變得更加有趣，尤其是對美國的人們而言。 Coinbase正在加強遊戲，在CFTC的監視之下將永久未來帶到美國市場。這很重要，所以讓我們分解。

Coinbase's Bold Move: CFTC-Compliant Perpetual Futures

Coinbase的大膽舉動：符合CFTC的永久期貨

Mark your calendars for July 21, 2025! Coinbase is set to launch “US Perpetual-Style Futures,” making them the first major exchange to offer these crypto derivatives right here in the US, all while playing by the CFTC's rules. CEO Brian Armstrong himself confirmed it on X, emphasizing that this is a direct response to what users have been asking for.

在2025年7月21日標記您的日曆！ Coinbase將推出“美國永久式期貨”，這使它們成為美國在美國提供這些加密衍生品的第一個主要交易所，而這一切都按照CFTC的規則進行播放。首席執行官布萊恩·阿姆斯特朗（Brian Armstrong）本人在X上證實了這一點，強調這是對用戶要求的直接回應。

Initially, they're rolling out with nano Bitcoin (0.01 BTC) and nano Ether (0.10 ETH) contracts. This means leverage and capital efficiency, tracking spot market prices 24/7. Think of it as Coinbase leveling the playing field, giving US traders access to tools that have been popular globally.

最初，他們將使用納米比特幣（0.01 BTC）和納米醚（0.10 ETH）合同推出。這意味著槓桿和資本效率，跟踪現貨市場價格24/7。可以將其視為Coinbase級別的競爭環境，使我們的交易員可以訪問全球流行的工具。

Why This Matters

為什麼這很重要

For too long, US traders have had to look offshore for perpetual futures, which comes with its own set of risks. Coinbase is aiming to close that regulatory gap. According to Boris Ilyevsky, Head of Coinbase Derivatives, this launch is “a major milestone” for US crypto market infrastructure. It's about giving us access to the same instruments used globally, but within a regulated environment.

長期以來，美國貿易商不得不在海上尋找永久未來，這帶有其自身的風險。 Coinbase的目標是縮小該法規差距。根據Coinbase衍生品負責人Boris Ilyevsky的說法，這一發布是美國加密貨幣市場基礎設施​​的“主要里程碑”。這是關於讓我們訪問全球使用的相同儀器，但在受管制環境中。

Perpetual futures are a big deal in the crypto derivatives world, making up over 90% of the trading volume. By offering these as 5-year long-dated contracts with hourly funding rates and twice-daily cash settlement, Coinbase is ensuring alignment with spot pricing.

永久期貨在加密衍生品世界中是一件大事，佔交易量的90％以上。通過將這些作為5年長期合同，每小時融資率和每日兩次現金和解，Coinbase正在確保與現貨定價保持一致。

BTC Bull Token: Riding the Bitcoin Wave

BTC公牛令牌：騎比特幣浪潮

While Coinbase gears up for its launch, keep an eye on the BTC Bull Token ($BTCBULL) presale. It's designed to reward holders with Bitcoin as BTC climbs, and it's already raised over $7.4 million. With staking rewards and airdrops tied to Bitcoin price milestones, it's another way to potentially capitalize on Bitcoin's performance. Of course, always do your own research before diving in!

雖然Coinbase為其推出而準備，但請密切關注BTC Bull Doken（$ btcbull）預售。它旨在用比特幣作為BTC攀登獎勵持有人，並且已經籌集了超過740萬美元。憑藉與比特幣價格里程碑相關的積分獎勵和空投，這是可能利用比特幣的性能的另一種方法。當然，在潛水之前始終進行研究！

A Personal Take

個人看法

Coinbase's move feels like a game-changer. By embracing regulation and offering sought-after products like perpetual futures, they're not just expanding their business; they're legitimizing the crypto space in the US. It's a sign that the industry is maturing, and that's good news for everyone involved. Plus, with the added potential of tokens like BTC Bull, the opportunities for savvy traders are only growing. Remember, though, that with great opportunity comes great responsibility (and risk!).

Coinbase的舉動感覺就像是改變遊戲規則的人。通過擁抱監管並提供諸如永久未來之類的搶手產品，它們不僅在擴大業務；他們合法化了美國的加密空間。這表明該行業正在成熟，這對每個參與其中的人來說都是個好消息。另外，隨著像BTC公牛這樣的代幣的潛力，精明的交易者的機會只會增長。但是，請記住，這是有機會的巨大責任（和風險！）。

Looking Ahead

展望未來

So, there you have it. Coinbase, CFTC, perpetual futures – it's a trifecta that's set to shake up the US crypto market. Keep your eyes peeled for July 21, and get ready for a new era of trading. And remember, always trade responsibly and maybe, just maybe, we'll all be sipping piña coladas on a beach somewhere thanks to our crypto prowess. Cheers to that!

所以，你有。 Coinbase，CFTC，永久性期貨 - 這是一種三桿，旨在動搖美國加密貨幣市場。保持眼睛在7月21日剝落，並為交易的新時代做好準備。請記住，總是負責任地進行交易，也許，也許，由於我們的加密能力，我們都會在海灘上品嚐PiñaColadas。歡呼！