Coinbase is preparing to launch 24/7 Bitcoin and Ethereum futures with the aim of modernizing trading access amid growing demand and introducing lasting style contracts.
Coinbase Set May 9th, 24/7 Bitcoin and Ethereum Futures Trading 24/7
Crypto Exchange Coinbase (NASDAQ:COIN) announced on April 4th that it will introduce its first 24/7 Bitcoin and Ethereum futures contracts through its derivatives arm. The company explained:
On May 9, Coinbase Derivatives LLC, a CFTC regulated futures exchange, launched its first 24/7 Bitcoin and Ethereum futures contracts, providing uninterrupted access to manage risk and steal opportunities like crypto.
By enabling continuous trading access, Coinbase aims to remove traditional fixed trading hours and inefficiencies associated with contract expiration. This allows participants to engage in the crypto market in real time, regardless of the day or time. Multiple contract sizes are available for both individual and institutional strategies, and regulated clearings are handled by Nodal Clear, and Coinbase Financial Market promotes access to the market.
The company has also revealed plans to expand its product lineup with a new contract design, which states:
They are also developing permanent style futures contracts, which unlock important products that US traders lack. Built in response to the strong demand from traders from cryptocurrency, these innovations make our markets more accessible, competitive and in line with global standards.
In related developments, Coinbase revealed on April 3 that its derivatives division officially filed a filing with the US Commodity Futures Trading Commission (CFTC) to self-certify futures contracts under XRP. The new product is expected to be released later this month. Coinbase Institutional said: “We look forward to announce that Coinbase Derivative has filed its XRP futures with CFTC to self-certify, bringing a regulated, capital-efficient way of exposing its most liquid digital assets.
