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| Coinbase |
Coinbase, a leading digital asset exchange in the United States (Nasdaq: COIN), has announced its plans to introduce 24/7 Bitcoin (BTC) and Ethereum (ETH) futures trading for US customers, starting on May 9th.
CFTC-Regulated Derivatives Offering
These futures products will be available through Coinbase Derivatives, the exchange's regulated derivatives platform. This initiative marks a significant step towards providing US traders with continuous access to Bitcoin and Ethereum futures contracts, aligning with the global nature of the cryptocurrency market.
Coinbase aims to address the limitations of traditional financial markets, such as restricted trading hours and fixed contract expiration dates. By offering 24/7 trading, the exchange seeks to eliminate inefficiencies and provide greater flexibility for traders.
Development of Perpetual Futures
Coinbase also announced that it is actively developing "perpetual futures contracts," a type of futures contract without an expiration date. This product is highly sought after by US traders, and Coinbase believes its introduction will enhance the competitiveness and accessibility of the US derivatives market.
In related news, Coinbase revealed that its derivatives division has submitted a self-certification filing with the Commodity Futures Trading Commission (CFTC) for XRP-based futures contracts, with a planned launch date of April 21st.