Coinbase (NASDAQ:COIN) on Monday announced it plans to introduce round-the-clock Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: BTC) futures trading, allowing U.S. traders to access crypto futures at any time, similar to spot markets.
The company is also developing a perpetual-style futures contract, which would enable traders to hold positions indefinitely, mirroring products widely used on offshore exchanges.
The move comes as crypto derivatives continue to dominate trading activity, accounting for over 75% of global market volume.
While international markets already offer 24/7 trading and perpetual futures, U.S. traders have been limited by traditional market structures that impose fixed hours and expiring contracts.
Coinbase's latest initiative seeks to address these limitations.
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"For too long, the U.S. has been playing catch-up in crypto derivatives," Coinbase wrote in its announcement. "It's time for a regulated, accessible, and innovative futures market that meets the needs of the cryptoeconomy."
Alongside the launch of 24/7 trading, Coinbase Derivatives is developing a perpetual-style futures contract.
Unlike traditional contracts that expire on a set date, perpetual futures allow traders to hold positions indefinitely.
These contracts have been widely adopted in international markets, but U.S. traders have had to rely on offshore platforms for access.
"A regulated perpetual-style contract in the U.S. ensures traders can execute strategies efficiently, without relying on offshore alternatives," the company stated.
To support its new offerings, Coinbase is partnering with Nodal Clear for CFTC-regulated clearing and working with the Commodity Futures Trading Commission to finalize compliance standards.
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