Coinbase has launched 24/7 Bitcoin and Ethereum futures trading for U.S. users through its CFTC-regulated arm, Coinbase Derivatives, marking a first in the regulated U.S. derivatives market.
Starting May 9, traders can now access crypto futures around the clock, including weekends, offering constant execution and risk management capabilities.
This development arrives just one day after Coinbase announced its $2.9 billion acquisition of crypto derivatives exchange Deribit, reinforcing its ambitions in the global derivatives market.
The round-the-clock futures product — available to both retail and institutional users — brings regulated crypto markets closer to the always-on nature of digital assets.
Coinbase Derivatives’ infrastructure supports uninterrupted trading and clearing, with all transactions processed through CFTC-approved clearinghouse Nodal Clear. Liquidity is being supported by market maker Virtu Financial, while firms including ABN AMRO, Wedbush Securities, and Coinbase Financial Markets bolster distribution, the company said.
Coinbase also plans to introduce perpetual-style futures for U.S. users—currently one of the most popular crypto derivatives globally—within a regulated framework.
This news comes as Coinbase reported first-quarter revenue of $2.03 billion, missing Wall Street’s $2.12 billion estimate, as consumer trading volume dropped 17% from the prior quarter.
Despite increased stablecoin revenue, adjusted earnings fell to $1.94 per share, and total net income dropped sharply from a year ago.
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