Coinbase Unleashes Perpetual Futures Trading in the U.S. - It's Go Time!

Buckle up, U.S. crypto traders! Coinbase just launched perpetual futures trading right here in the States, and eligible users can dive into two sizzling futures contracts starting July 21.

On Monday, the exchange threw open the doors, letting U.S. users jump into perpetual derivatives via their Coinbase Financial Markets account. Right out of the gate, you can trade nano Bitcoin Perpetual Futures (BTC-PERP) and nano Ether Perpetual Futures (ETH-PERP). It's a game-changer!

This rollout of Commodity Futures Trading Commission-regulated crypto perpetuals comes hot on the heels of Coinbase announcing their plans to roll out this product stateside. To get in on the action, customers need an account. That's where you'll open your Coinbase Financial Markets account, the exchange says.

Perpetual Futures: 90% of the Action

Coinbase dropping the Bitcoin (BTC) and Ethereum (ETH) bombs on a regulated platform? That's adding fuel to the fire of the crypto markets' comeback in the U.S. We're seeing a regulatory shift to a more supportive environment, with the recent major stablecoin bill lighting the way.

So, what are perpetual futures? They're a type of derivative contract that lets crypto traders crank up the leverage without those pesky monthly expirations.

In the crypto world, perpetual futures trading is where the party's at, accounting for almost 90% of the trading volumes. While Coinbase's international users have been living it up with perps, the U.S. regulatory scene kept them out of the domestic market. But that's history now. The launch changes everything.

"The wait is over – Perpetual futures have arrived in the U.S.," Coinbase declared on X. It's a new era, folks!

And here's the kicker: no monthly expirations, up to 10x leverage, and fees as low as 0.02%. It's a trader's dream!

Unlike traditional futures with their monthly or quarterly expirations, Coinbase's perpetual futures are long-dated, giving users expiration dates of five years. That 10x leverage? It's all about boosting capital efficiency, letting traders amplify their market exposure and positions.

It's huge news for BTC and ETH traders, but listen up: there are risks with leveraged futures trading. Just like any market, a trade can swing for you or against you, and high leverage means a higher risk of losses. So, stay sharp out there!