In brief
- Coinbase will offer U.S.-regulated perpetual-style futures for Bitcoin and Ether starting July 21.
- The launch provides a domestic alternative to offshore derivatives, which dominate global crypto markets.
- Coinbase shares hit an all-time high of $375.07 on Thursday as demand for regulated crypto products and infrastructure grows.
Coinbase Global Inc. will launch US Perpetual-Style Futures on July 21, becoming one of the first exchanges to offer regulated perpetual futures contracts in the U.S.—a market that offshore platforms have dominated despite representing upwards of 90% of global crypto trading activity.
The crypto exchange announced Thursday it will debut nano Bitcoin (0.01 BTC) and nano Ethereum (0.10 ETH) perpetual-style futures contracts, designed to closely track spot prices while offering leverage and remaining fully compliant with CFTC regulations.
“You asked for it, we built it,” Coinbase CEO Brian Armstrong tweeted regarding the launch.
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Author: Vismaya V
