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One of the biggest cryptocurrency exchanges in the US, Coinbase, is getting ready to introduce Bitcoin (BTC) and Ethereum (ETH) futures trading around-the-clock. In the upcoming weeks, the platform’s derivatives division will launch these products, which is a significant step toward increasing US traders’ access to cryptocurrency derivatives.
Greg Tusar, Coinbase’s vice president of institutional product, emphasized the importance of derivatives in crypto markets. “Derivatives are a cornerstone of global crypto markets, accounting for over 75% of all total trading volume. Yet, much of this activity has taken place internationally, where markets operate 24/7 and offer futures contracts that aren’t confined to traditional expiries,” he stated.
Unlike global markets, US traders have been limited by fixed market hours and expiring contracts. This has led to inefficiencies in managing crypto exposure. In response, Coinbase Derivatives, LLC aims to create a more accessible, transparent, and competitive futures market within the US.
Tusar explained the motivation behind this move: “Driven by strong demand from our crypto-native US clients, Coinbase Derivatives, LLC is making regulated futures markets more accessible, transparent, and competitive. Our goal is simple: give traders the tools they need to manage risk and seize opportunities in crypto—on their terms.”
To ensure compliance, Coinbase has been actively working with the Commodity Futures Trading Commission (CFTC) and other industry participants. The company confirmed its commitment to meeting all regulatory requirements while refining the product’s design.
As part of the initiative, Tusar encouraged further collaboration in building the US crypto derivatives market. “For too long, the US has been playing catch-up in crypto derivatives. It’s time for a regulated, accessible, and innovative futures market that meets the needs of the crypto economy,” he said.
Coinbase is inviting futures commission merchants (FCMs), institutions, and market participants to contribute to the growth of regulated crypto derivatives in the US. With this launch, Coinbase aims to set a new standard for crypto futures trading in the country.