On May 9, 2025, Coinbase Derivatives LLC launched 24/7 trading on Bitcoin and Ethereum futures contracts, the first such round-the-clock trading on a CFTC-regulated exchange in the United States. This follows the global, 24/7 character of cryptocurrency markets and presents U.S. traders with the potential to control risk and capture opportunities whenever needed.
Improving Market Access and Infrastructure
The availability of round-the-clock futures trading eliminates the bounds of conventional market hours, allowing institutional and retail investors to react quickly to market movements, including holidays and weekends. The infrastructure of Coinbase is structured to sustain unrelenting trading, delivering performance and reliability around the clock.
To ensure strong operations, Coinbase has aligned with Nodal Clear, a CFTC-regulated clearinghouse, to manage all clearing operations. Liquidity is also supplemented by collaborations with Virtu Financial and Futures Commission Merchants like ABN AMRO and Wedbush Securities.
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Strategic Expansion and Future Offerings
This release is part of a larger plan by Coinbase to grow its derivatives business. The company has teased the development of perpetual-style futures contracts for Bitcoin and Ethereum in the near term, offering traders more mechanisms for exposure management without expiry limitations.
In a major bid to strengthen its derivatives platform, Coinbase has just agreed to buy Deribit, the top-ranked global crypto options exchange, for $2.9 billion. The acquisition is set to strengthen Coinbase’s leadership in the global crypto derivatives market by providing a full product stack of spot, futures, perpetual futures, and options trading.
Also read: Crypto Market Surges Past $100K: Key Drivers and Top Altcoin Picks
