Coinbase Shakes Up the Crypto World with Non-Stop Futures Trading!

Hang onto your hats, crypto fans! Coinbase just dropped a bombshell with 24/7 Bitcoin and Ethereum futures trading for U.S. users. And guess what? It's all happening through their CFTC-regulated powerhouse, Coinbase Derivatives. This move is lighting up the regulated U.S. derivatives scene like never before!

Starting May 9, traders can dive into crypto futures any time of the day or night, even on weekends. That's right, constant execution and risk management are now in your hands, no matter when the crypto bug bites!

And hold up, there's more! Just a day before this blockbuster announcement, Coinbase threw down $2.9 billion to snap up the crypto derivatives exchange Deribit. They're not messing around; Coinbase is going all in on the global derivatives market!

This round-the-clock futures action is open to both retail and institutional players, bringing the wild world of digital assets right into the heart of regulated markets.

Coinbase's Non-Stop Trading: CFTC-Approved!

Coinbase Derivatives isn't playing around. Their infrastructure is built tough, supporting seamless trading and clearing with every transaction going through the CFTC-approved clearinghouse, Nodal Clear. And they've got the big guns backing them up—market maker Virtu Financial and heavy hitters like ABN AMRO, Wedbush Securities, and Coinbase Financial Markets are all in on this action, boosting distribution like nobody's business!

But wait, there's more on the horizon! Coinbase is gearing up to roll out perpetual-style futures for U.S. users. These are some of the hottest crypto derivatives out there, and they're bringing them into the regulated fold.

Now, let's talk numbers. Coinbase just reported first-quarter revenue at $2.03 billion, which didn't quite hit Wall Street's $2.12 billion target. Consumer trading volume took a 17% hit from the last quarter, which stung a bit.

Even with a boost from stablecoin revenue, adjusted earnings slipped to $1.94 per share, and total net income took a nosedive from last year. But hey, with moves like these, Coinbase is clearly playing the long game in the wild world of crypto!