Coinbase Introduces US Perpetual Futures for BTC and ETH – Coincu

Led by a veteran executive team, Coinbase is set to launch US-perpetual futures for Bitcoin and Ethereum on July 21, under CFTC compliance.

This initiative aligns with new trading norms, marking a significant shift for U.S. markets, though community sentiment will become clearer post-launch.

Coinbase’s CFTC-Compliant Futures: A U.S. Market Revolution

Coinbase announced the rollout of US-perpetual futures for Bitcoin (BTC) and Ethereum (ETH), uniquely compliant under the US Commodity Futures Trading Commission (CFTC). The contracts include nano Bitcoin (0.01 BTC) and nano Ethereum (0.10 ETH) options, designed with 5-year expirations. These contracts align futures prices with the spot market using a funding rate mechanism.

Coinbase introduces a groundbreaking approach to US derivatives by offering perpetual contracts with a 5-year duration, contrasting short-term futures available elsewhere. This design allows for 24/7 trading, expanding trading horizons for US investors. Key comparisons show unique features unmatched by traditional US futures.

Market and industry reactions remain limited as Coinbase executives have yet to offer public comments on this launch. Institutional traders may welcome this move, seeing it as a regulated alternative to offshore options. Public reaction is anticipated post-launch.

“Brian Armstrong, CEO, Coinbase, retains a majority of the company’s voting shares and steers the strategic direction” — Brian Armstrong, Co-Founder & CEO, Coinbase

Expert Analysis: Impact of Coinbase’s Launch on Prices and Participation

Did you know? Coinbase’s introduction of CFTC-compliant perpetual futures provides a U.S. regulatory first, reflecting an innovative model absent from standard US crypto futures.

According to CoinMarketCap, Bitcoin (BTC) trades at $107,553.18 with a market cap of formatNumber(2,138,592,092,211.60). It holds a dominance of 65.07%. Over the last 24 hours, BTC trading volume reached formatNumber(42,653,323,010.97), showing a -0.22% price change. The circulating supply stands at 19,884,043.

The Coincu research team suggests Coinbase’s new product may lead to increased financial engagement and regulatory scrutiny. This launch could set a precedent for similar US-regulated derivatives, encouraging technological advancements in trading systems and increased institutional participation.