Coinbase, the largest U.S.-based cryptocurrency exchange, has officially launched perpetual futures trading for American users, marking a major shift in the accessibility of advanced crypto derivatives in the U.S. market.
Access to Perpetual Futures Now Open for U.S. Traders
In a July 22 announcement, Coinbase introduced nano Bitcoin (BTC) and nano Ethereum (ETH) perpetual futures with up to 10x leverage and five-year expiration dates. Unlike traditional futures contracts with monthly or quarterly expirations, these new products offer greater long-term flexibility.
“For years, U.S. traders watched their international counterparts access perpetual futures—until now,” Coinbase stated.
The exchange’s trading fees start at 0.02% per contract, making the service competitive with international platforms. The products are regulated under the Commodity Futures Trading Commission (CFTC), adding a layer of compliance that has long been absent from U.S.-based derivatives offerings.
Launch Coincides With Regulatory Progress
Coinbase’s move comes as U.S. crypto regulation gains momentum. The recent passage of the GENIUS Act, which provides a federal framework for stablecoins, and the House-approved Clarity Act, aimed at defining the roles of the SEC and CFTC, signal a more welcoming stance toward digital assets.
These legislative shifts are expected to boost institutional participation and broaden the scope for retail innovation, including derivatives like perpetual futures.
Market Reaction: Bullish Momentum Builds
The broader crypto market responded positively to the growing regulatory clarity. Bitcoin surged above $118,000, while Ether pushed past $6,400. Coinbase stock also saw significant activity, reaching an all-time high of over $437 last Friday and briefly crossing a $100 billion market cap—though it closed slightly lower at $413.63 on Monday.
Outlook
By launching CFTC-approved perpetual futures, Coinbase is positioning itself as the first major U.S. exchange to bring this popular derivatives product to domestic traders. The combination of regulated leverage, extended expirations, and favorable timing with recent legislation could make this a turning point for U.S. crypto derivatives markets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.