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Coinbase Launching US Regulated 24/7 Bitcoin Futures

Coinbase Sets May 9 Launch for Regulated 24/7 Bitcoin and Ethereum Futures Trading in US

Crypto exchange Coinbase (Nasdaq: COIN) announced on April 4 that it will introduce the first U.S.-regulated 24/7 bitcoin and ethereum futures contracts through its derivatives arm, with trading set to begin May 9. This initiative marks a significant shift in how digital asset derivatives are offered to U.S. traders, aligning domestic markets more closely with global crypto trading practices. The company explained:

On May 9, Coinbase Derivatives LLC, a CFTC-regulated futures exchange, is launching the first 24/7 bitcoin and ethereum futures contracts, giving U.S. traders uninterrupted access to manage risk and seize opportunities—just like crypto.

By enabling continuous trading access, Coinbase aims to remove the inefficiencies associated with traditional fixed trading hours and contract expirations. This will allow participants to engage with crypto markets in real time, regardless of the day or hour. Multiple contract sizes will be available to suit both individual and institutional strategies, and regulated clearing will be handled by Nodal Clear, with Coinbase Financial Markets facilitating market access.

The company also revealed plans to expand its product lineup with a novel contract design, stating:

We’re also developing a perpetual-style futures contract, unlocking a key product U.S. traders have been missing. Built in response to strong demand from crypto-native traders, these innovations make U.S. markets more accessible, competitive and aligned with global standards.

In a related development, Coinbase revealed on April 3 that its derivatives division has formally submitted a filing to the U.S. Commodity Futures Trading Commission (CFTC) to self-certify a futures contract based on XRP. The new offering is expected to go live later this month. Coinbase Institutional stated: “We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify XRP futures – bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets. We anticipate the contract going live on April 21, 2025.”

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