Round-the-clock Bitcoin and Ethereum futures trading initiated via Coinbase Derivatives platform.
Coinbase's 24/7 Futures Trading Goes Live
Get ready to trade Bitcoin and Ethereum round-the-clock—Coinbase has pioneered the first CFTC-regulated crypto exchange offering 24/7 leveraged futures contracts, even on weekends!
The trailblazing exchange has teamed up with various companies to ensure smooth operations and stellar performance for this new service. In the near future, they plan to introduce perpetual futures contracts for BTC and ETH, but for now, it's all about the non-stop action.
Last week, Coinbase dropped a major hint about its expansion in the crypto derivatives market. After buying Deribit, the world's top crypto derivatives exchange, for a whopping $2.9 billion, they were ready to shake things up. Coinbase highlighted the growing futures market as a key opportunity for Q2.
On the very next day, the company officially announced its game-changing plans. As of today, US traders can dive into thrilling 24/7 Bitcoin and Ethereum futures trading with Coinbase. The firm envisions these continuous operations as a way to better mirror the uninterrupted crypto trading landscape.
Andy Sears, CEO of Coinbase Financial Markets, shared his excitement, stating, "The advent of 24/7 CFTC-regulated markets is a game-changer for the industry. Coinbase Financial Markets is ecstatic to provide traders seamless, round-the-clock access to futures trading, empowering them to trade anytime."
Coinbase's announcement was a tad light on details, but the gist is clear: traders can enjoy unfettered access to the futures market like never before. Already offering derivatives trading, Coinbase is stepping up its game.
The firm's primary focus is on eventually offering Bitcoin/Ethereum perpetual futures contracts, but they're not quite ready for that yet. Several partnering firms will lend their support, resources, and infrastructure to ensure the new service runs smoothly at all hours.
Nodal Clear, a day-one clearing house partner, Virtu Financial, a market maker, and two Futures Commission Merchants are all contributing to the effort. Coinbase's resources should be enough to successfully drive its ambitious expansion plans forward.
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[1] Deribit purchase marks Coinbase entry into crypto derivatives market[2] CFTC-Regulated Coinbase to Offer Futures Trading 24/7 Starting May 9[3] Coinbase Considering Perpetual-Style Futures for Regulated U.S. Market
- Coinbase's recent acquisition of Deribit, the world's top crypto derivatives exchange, signifies their entry into the crypto derivatives market.
- With the CFTC-regulated 24/7 futures trading now live on Coinbase, traders can engage in thrilling Bitcoin and Ethereum futures trading around the clock.
- Andy Sears, CEO of Coinbase Financial Markets, affirmed that the advent of 24/7 CFTC-regulated markets is empowering for traders, allowing them to invest anytime.
- Coinbase's ambitious plans include offering Bitcoin/Ether perpetual futures contracts in the future, but for the time being, they are focusing on 24/7 non-stop action.
- To ensure smooth operations and stellar performance for the new service, Coinbase has collaborated with several firms, including Nodal Clear, Virtu Financial, and two Futures Commission Merchants.
- Traders can now enjoy uninterrupted access to the futures market like never before, thanks to Coinbase's cutting-edge technology and commitment to finance innovation.
