Coinbase to Launch Regulated US Perpetual Futures by 2025

Coinbase will legally allow US users to engage in perpetual futures trading through its Coinbase Financial Markets (CFM) platform starting July 21, 2025. This service is regulated by the U.S. Commodity Futures Trading Commission (CFTC).

The decision marks a significant expansion for US market participants, previously limited to more traditional futures. Coinbase indicates this introduction will provide regulated market exposure with flexibility in position sizing and capital efficiency.

Coinbase’s 2025 US Perpetual Futures Launch: Regulatory Insight

Coinbase announced its US residents can access perpetual futures trading on July 21, 2025, through the Coinbase Financial Markets platform. This platform is regulated by the CFTC, ensuring compliance while expanding trading capabilities within the US. The new service offers contracts like nano Bitcoin and Ether perpetual-style futures.

The introduction of these contracts enables US traders to use leverage without a monthly expiration date, mirroring global perpetual future functionality. This change could potentially increase market participation and volume since perpetual futures currently account for around 90% of crypto derivatives traded globally.

While there are no direct public reactions from key figures like Brian Armstrong or other industry leaders, community sentiment appears favorable, as outlined on the official Coinbase blog. This development is seen as an opportunity for increased market access and innovation in the US crypto sector.

Brian Armstrong, CEO, Coinbase, said, “We are excited to announce the upcoming launch of US Perpetual-Style Futures on Coinbase Derivatives Exchange, designed to mirror the functionality of global perpetual futures while adhering to US regulatory standards.” – Coinbase Official Blog

Historical Context and Potential Market Impact

Did you know? The introduction of perpetual futures on regulated platforms in the US offers traders a safer alternative to offshore exchanges, potentially transforming the landscape for US institutional and retail market participants.

According to CoinMarketCap, Bitcoin (BTC) is trading at $116,496.78 with a market cap of 2.32 trillion. Its market dominance stands at 59.53%. Over the past 24 hours, Bitcoin’s trading volume reached $67.22 billion, though its price decreased by 0.65%. These movements provide context for the market’s broader response to regulatory shifts.

Analysts from the Coincu research team suggest that Coinbase’s initiative could attract substantial institutional investment, enhancing liquidity and adoption. The combination of increased trading options, regulatory compliance, and competitive leverage terms bodes well for future market dynamics.