Coinbase is shaking things up in U.S. trading like a snow globe at a toddler’s birthday party. The crypto giant has rolled out 24/7 futures trading for Bitcoin and Ethereum, a move that’s about as exciting as finding an extra slice of cake at a party. No more waiting for the clock to strike nine. U.S. traders can now react to market changes in real time, just like their global counterparts. It’s a game changer, folks.
With a variety of contracts—think big and small—Coinbase is catering to traders of all stripes. Whether you’re a whale or just dipping your toes in, there’s something for you. And guess what? These futures are CFTC-regulated, so at least they’re playing by the rules. That’s a refreshing change in a space often seen as the Wild West. Additionally, the introduction of 24/7 futures contracts is expected to increase market participation and liquidity, while trading fees vary significantly across different platforms, ensuring that traders are aware of the costs involved.
But hold your horses; competition is fierce. The CME Group, with its six-day schedule, has been the big kid on the block for a while. And now, Robinhood is entering the fray, enthusiastic to snatch its piece of the pie. With the derivatives market making up a whopping 75% of all crypto trading volume, it’s clear that Coinbase is diving headfirst into a crowded pool.
What’s even more intriguing is the chatter about perpetual futures. These contracts stick around indefinitely, which is a concept that’s been shy in the U.S. due to regulations. Coinbase is cozying up to the CFTC to bring these to American traders—because who doesn’t want to hold on to a position without the constant rollover headache? The introduction of perpetual futures aligns U.S. crypto derivatives trading with global standards.
Let’s not forget the operational side of things. Coinbase Financial Markets is in the mix, ensuring traders have the support they need. With Nodal Clear handling clearing and settlement, it’s all systems go.
U.S. crypto trading is finally aligning with global standards, and that’s a win for everyone.
