Coinbase，CFTC和永久未来：美国加密货币交易的新时代

Coinbase正在推出符合CFTC的永久期货，这标志着美国加密衍生物的关键时刻。这就是对交易者和市场的意义。

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.

加密世界变得更加有趣，尤其是对美国的人们而言。 Coinbase正在加强游戏，在CFTC的监视之下将永久未来带到美国市场。这很重要，所以让我们分解。

Coinbase's Bold Move: CFTC-Compliant Perpetual Futures

Coinbase的大胆举动：符合CFTC的永久期货

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日标记您的日历！ Coinbase将推出“美国永久式期货”，这使它们成为美国在美国提供这些加密衍生品的第一个主要交易所，而这一切都按照CFTC的规则进行播放。首席执行官布莱恩·阿姆斯特朗（Brian Armstrong）本人在X上证实了这一点，强调这是对用户要求的直接回应。

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，他们将使用纳米比特币（0.01 BTC）和纳米醚（0.10 ETH）合同推出。这意味着杠杆和资本效率，跟踪现货市场价格24/7。可以将其视为Coinbase级别的竞争环境，使我们的交易员可以访问全球流行的工具。

Why This Matters

为什么这很重要

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.

长期以来，美国贸易商不得不在海上寻找永久未来，这带有其自身的风险。 Coinbase的目标是缩小该法规差距。根据Coinbase衍生品负责人Boris Ilyevsky的说法，这一发布是美国加密货币市场基础设施的“主要里程碑”。这是关于让我们访问全球使用的相同仪器，但在受管制环境中。

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.

永久期货在加密衍生品世界中是一件大事，占交易量的90％以上。通过将这些作为5年长期合同，每小时融资率和每日两次现金和解，Coinbase正在确保与现货定价保持一致。

BTC Bull Token: Riding the Bitcoin Wave

BTC公牛令牌：骑比特币浪潮

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!

虽然Coinbase为其推出而准备，但请密切关注BTC Bull Doken（$ btcbull）预售。它旨在用比特币作为BTC攀登奖励持有人，并且已经筹集了超过740万美元。凭借与比特币价格里程碑相关的积分奖励和空投，这是可能利用比特币的性能的另一种方法。当然，在潜水之前始终进行研究！

A Personal Take

个人看法

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的举动感觉就像是改变游戏规则的人。通过拥抱监管并提供诸如永久未来之类的抢手产品，它们不仅在扩大业务；他们合法化了美国的加密空间。这表明该行业正在成熟，这对每个参与其中的人来说都是个好消息。另外，随着像BTC公牛这样的代币的潜力，精明的交易者的机会只会增长。但是，请记住，这是有机会的巨大责任（和风险！）。

Looking Ahead

展望未来

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，永久性期货 - 这是一种三杆，旨在动摇美国加密货币市场。保持眼睛在7月21日剥落，并为交易的新时代做好准备。请记住，总是负责任地进行交易，也许，也许，由于我们的加密能力，我们都会在海滩上品尝PiñaColadas。欢呼！