Key Highlights:
- Coinbase rolls out perpetual futures contracts for U.S. users
- Traders can access Bitcoin and Ether futures with 10x leverage
- New products offer 5-year expiration, departing from traditional futures
- Move follows passage of GENIUS and Clarity Acts
Access to Perpetuals for U.S. Traders
Coinbase has launched perpetual futures trading for U.S. traders, introducing two products: nano Bitcoin and nano Ethereum perpetual futures. These allow for up to 10x leverage and have a 5-year expiration horizon, giving users a longer-term trading instrument compared to traditional monthly or quarterly futures. The company noted that these tools have long been used by international traders, but were largely unavailable to U.S. users due to regulatory uncertainty — a gap that has now been closed.Regulatory Clarity Spurs Market Growth
Coinbase’s move comes as the U.S. market gains clearer crypto regulations. The newly passed GENIUS Act provides federal oversight of stablecoins, while the Clarity Act aims to define the roles of the SEC and CFTC in overseeing digital assets. These developments have strengthened investor confidence and contributed to recent crypto market gains. Coinbase shares recently hit an all-time high of $437 before pulling back slightly to close at $413.63 on Monday.
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