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Highlights
- Round the Clock trading for Bitcoin and Ethereum futures is live for Coinbase
- Pioneering the Futures offering in the US, the exchange is likely riding on current market hype
- The trading platform also have other engagements worth watching by the community
As revealed in a note to the community, crypto exchange Coinbase Global Inc. has launched 24/7 trading for Bitcoin and Ethereum futures. This is the first time leveraged futures contracts can be traded around the clock on a CFTC-regulated exchange. The development is expected to give U.S. traders greater flexibility and access to the fast-moving world of digital assets.
Bitcoin and Ethereum Futures Trading Non-Stop
In its latest publication, Coinbase announced that, starting May 9, Coinbase Derivatives, LLC began offering continuous futures trading for Bitcoin and Ethereum.
According to the update, traders in the United States can now respond to market changes at any hour of the day, including weekends. This removes the usual limitations set by traditional market hours.
According to the crypto exchange, the platform was built to handle the always-on nature of crypto trading. The system’s infrastructure was designed for stability and high performance, regardless of the time.
Nodal Clear, a CFTC-regulated clearinghouse, will handle clearing. The move includes liquidity support from Virtu Financial and access through key futures commission merchants like ABN AMRO, Wedbush Securities, and Coinbase Financial Markets.
Coinbase is not stopping at futures. The company is already working on introducing perpetual-style futures, a popular instrument in crypto trading, but one not yet available in a regulated U.S. environment.
Market Rebound, a Gift to Coinbase Futures
It is worth noting that this new product arrives during a strong digital asset bull rally. The largest cryptocurrency, Bitcoin, recently passed the $103,000 mark, lifting its market value to $2.03 trillion. As of this writing, CoinMarketCap data shows that BTC was trading at $102,599.61, which is up 1.58% in 24 hours.
In addition, Bitcoin has surpassed Amazon to become the fifth most valuable asset in the world. Within 24 hours, more than $1 billion in short positions were liquidated, highlighting the intensity of market activity.
It is also worth noting that Ethereum has seen a significant rally as the broader market took shape CoinMarketCap data shows it is currently trading at $2,309.28, up by 12.55%.
Rising activity from institutional investors is helping to boost market confidence, reflected in its trading volume, which has climbed by 12.55% to $52.22 billion.
Coinbase to Expand Reach With Deribit Deal
The Brian Armstrong-led exchange is making headlines for many reasons beyond the Bitcoin futures update. It is finalizing a $2.9 billion deal to buy Deribit, the largest crypto options platform globally.
The acquisition would strengthen Coinbase’s offerings by adding options trading to its existing spot and futures services.
Coinbase exchange also draws attention to regulatory trends. A recent FOIA request revealed conflicting internal views within the U.S. SEC on crypto regulation.
Coinbase’s legal team says the findings show a clear gap between the agency’s public stance and private discussions, especially regarding assets like Ethereum and XRP.
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