07.22.2025

Coinbase Brings Perpetual Futures to U.S.

07.22.2025
Coinbase Brings Perpetual Futures to U.S.

For the first time, U.S. traders can now access perpetual-style futures via Coinbase Financial Markets. These CFTC-regulated contracts have no monthly expiration dates and offer up to 10x leverage.

For years, U.S. crypto traders have looked on as their international counterparts utilized one of the most popular tools in the digital asset marketplace: perpetual futures. These innovative derivatives, offering higher leverage while eliminating the need to navigate monthly expiration dates, dominate 90% of global crypto trading volumes. Due to a complex regulatory landscape, they remained just out of reach for traders in the United States. Until now.

We are thrilled to announce that U.S. customers, starting July 21, 2025, can trade CFTC-regulated perpetual futures via Coinbase Financial Markets (CFM), bringing one of the world’s most traded derivatives to a secure and trusted crypto platform.Two (2) perpetual futures contracts are currently available to trade:

  • nano Bitcoin Perpetual Futures (BTC-PERP)
  • nano Ether Perpetual Futures (ETH-PERP)

How does it work?

By trading perpetuals through Coinbase Financial Markets, you are operating in a CFTC-regulated environment with unique features designed for retail traders. This is a highly-anticipated product specifically developed to meet the needs of the U.S. market with:

  • No monthly expirations: Unlike traditional futures that have a set monthly or quarterly expiration date, perpetual futures on Coinbase are long-dated with expiration dates of 5 years. This allows you to maintain your market exposure for as long as you choose without the complexity of rolling over contracts on a monthly basis, enabling more flexible, long-term trading strategies.
  • Up to 10x leverage: U.S. traders can now access enhanced capital efficiency and amplify their market positions within a secure, regulated framework. For our newly launched crypto perpetual futures, you can trade with up to 10x intraday leverage. For metals futures, such as silver and gold, you can trade with up to 20x intraday leverage.
  • Low trading fees: We’re making derivatives trading more accessible with fees as low as 0.02%* per contract.

Ready to explore the power of perpetual futures? 

Traders will need to have an existing account on Coinbase before opening a Coinbase Financial Markets futures account. Here’s how to get started

  • Navigate to Coinbase and click “Get Started” to sign up for a Coinbase account.
  • If you already have a Coinbase account, just complete a short application to trade derivatives with Coinbase Financial Markets.
  • Once approved, you can begin trading.

Source: Coinbase

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