Coinbase Launches CFTC-Regulated Perpetual Futures for US Traders

Published: 2025-07-22 05:53:45 |

Coinbase has rolled out CFTC-regulated perpetual futures trading on BTC/USD and ETH/USD for US retail and institutional traders. The new nano BTC-PERP and nano ETH-PERP perpetual futures feature smaller contract sizes, a five-year term to mimic non-expiring contracts, up to 10× leverage on crypto, and fees from 0.02%. Traders can open positions with a fraction of Bitcoin or Ether using existing Coinbase accounts. Coinbase plans to add more digital assets over time. This move lets US crypto traders hedge and speculate on regulated derivatives without using offshore platforms. It also intensifies competition with Kraken Pro, Binance US and other regulated venues, boosting liquidity, market depth and capital efficiency in the US crypto market.

Bullish

By launching CFTC-regulated perpetual futures, Coinbase expands US traders’ access to onshore crypto derivatives, improving hedging and speculative tools. The nano contract sizes and 10× leverage lower entry barriers, likely attracting fresh capital and boosting trading volumes in the short term. In the long term, enhanced liquidity and competition with Kraken Pro and Binance US should deepen market depth and price stability, supporting a bullish outlook for BTC and ETH.