KEY TAKEAWAYS
- Coinbase Financial Markets has enhanced its futures trading platform, now offering 24/7 trading for Bitcoin and Ethereum futures.
- The platform is expanding its contract offerings to include cryptocurrencies like Solana, XRP, Cardano, and Hedera, as well as commodities and future equities indices.
- New perpetual-style futures for BTC and ETH will be available to U.S. customers, providing continuous settlement options.
- Coinbase introduces new features such as auto-sweeping, auto-rolling, and advanced order types to improve the trading experience.
Coinbase Financial Markets (CFM) has announced significant updates to its futures trading platform, enhancing accessibility and product offerings for retail traders. The updates, detailed here, include 24/7 trading for Bitcoin (BTC) and Ethereum (ETH) futures, the introduction of new crypto and non-crypto contracts, and the upcoming launch of perpetual-style futures for U.S. customers.
24/7 Trading and Expanded Contracts
For the first time, Coinbase Advanced users can trade BTC and ETH futures around the clock, seven days a week. Previously, trading was limited to Sunday through Friday. This change allows traders to manage their positions and respond to market movements at any time, providing greater flexibility and risk management opportunities.
In addition to BTC and ETH, CFM is expanding its futures contract offerings to include cryptocurrencies such as Solana (SOL), XRP, Cardano (ADA), and Hedera (HBAR). The platform also offers futures on commodities like silver and natural gas, with plans to introduce equities indices in the near future.
Introduction of Perpetual-Style Futures
Coinbase is set to introduce perpetual-style futures for BTC and ETH, catering to the growing demand for crypto derivatives within a regulated framework. This product will be available to U.S. customers, providing a new avenue for trading crypto assets with continuous settlement.
To enhance the trading experience, Coinbase has implemented several new features, including auto-sweeping of excess funds, auto-rolling of expiring positions, and new order types like Take Profit/Stop Loss (TP/SL) and Time-Weighted Average Price (TWAPs). A new margin health measure has also been introduced to help traders monitor liquidation risk.
U.S. traders interested in accessing these futures products must have an existing Coinbase account for spot trading and complete a short application process to open a Coinbase Financial Markets futures account. All futures contracts are funded and settled in USD.
Why This Matters: Impact, Industry Trends & Expert Insights
Coinbase Financial Markets has expanded its futures trading platform, now offering 24/7 access to Bitcoin and Ethereum futures, alongside new contracts for other cryptocurrencies and commodities.
A recent report from FTSE Russell highlights the growing trend of introducing new crypto derivatives products, such as nano and reduced-value futures, aimed at increasing market accessibility for retail investors. This aligns with Coinbase’s move to enhance trading options and accessibility through its expanded futures offerings.
As per insights from Cointelegraph, CFTC Commissioner Summer Mersinger has indicated that crypto perpetual futures could soon be regulated in the US, potentially expanding trading opportunities. This supports Coinbase’s introduction of perpetual-style futures, catering to the demand for regulated crypto derivatives in the US market.
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