After a long wait, U.S. crypto traders can access perpetual futures via Coinbase Financial Markets (CFM). Effective July 21, 2025, Coinbase now offers CFTC‑regulated perpetual contracts for both Bitcoin and Ether, revolutionizing how Americans trade digital assets.
Key takeaways:
- Trade Bitcoin and Ethereum perpetuals with up to 10× leverage
- Contracts never expire and carry fees as low as 0.02%
- Available 24/7 under full CFTC regulation via Coinbase Financial Markets
What are Coinbase Perpetual Futures?
Perpetual futures differ from traditional monthly or quarterly futures by having no expiration date. Instead, these contracts can run for up to five years, allowing you to hold long-term positions without rolling contracts.
Additionally, Coinbase offers up to 10x intraday leverage, empowering traders to amplify their market exposure. All this is within a compliant, regulated environment.
Key Features at a Glance
| Feature | Details |
|---|---|
| Launch Date | July 21, 2025 |
| Available Contracts | BTC-PERP, ETH-PERP |
| Leverage | Up to 10x for crypto; up to 20x for metals like gold and silver |
| Fees | Froms 0.02% per contract (min. $0.15), inclusive of all required fees |
These features combine to offer U.S. traders both flexibility and cost-efficiency without sacrificing regulatory safety.
24/7 Trading: A Broader Coinbase Vision
This launch builds on Coinbase’s broader strategy. Since June 1, 2025, Coinbase Financial Markets unlocked 24/7 BTC and ETH futures trading, plus new crypto contracts (SOL, XRP, ADA) and commodity futures (gold, silver, oil, gas). Furthermore, they’ve announced upcoming perpetual futures and further expansion into global markets, including equity index futures.
Coinbase now offers 24/7 BTC and ETH futures trading, with more crypto and commodity (gold, silver, oil, gas) contracts live. Perpetual futures are coming soon to U.S. traders.Read Now
By launching perp futures, Coinbase furthermore helps traders with:
- Market Alignment: Perpetual futures account for over 90% of global crypto derivatives volumes, finally giving U.S. traders comparable instruments.
- Comprehensive Access: With 24/7 trading, perpetual futures, and upcoming funds, Coinbase now offers capabilities similar to industry leaders such as Kraken, firmly merging spot, futures, and commodities in one platform.
- Regulatory Confidence: Fully CFTC‑regulated, this offering combines institutional-grade oversight with professional‑grade performance, which is ideal for serious traders seeking capital efficiency under compliance.
How to Get Started
- Create or log into your Coinbase account.
- Apply for Coinbase Financial Markets access.
- Once approved, open the BTC‑PERP or ETH‑PERP contract.
- Begin trading with up to 10x leverage, tracking positions around the clock.
If you already have a Coinbase account, simply complete the CFM application to unlock perpetual futures access. If not, sign up now and prepare for the next wave of crypto innovation.
Industry Comparisons: A Buying Frenzy for U.S. Traders
Coinbase’s innovation follows similar moves:
- Kraken Derivatives US began offering CME-listed crypto futures on July 16, enabled by its $1.5 billion NinjaTrader acquisition
- Coinbase’s all‑in‑one model now includes crypto, futures, commodities, and equities
- Kraken stock/ETF trading launched in April, listing over 11,000 U.S. securities commission-free
Together, these developments mark a significant shift. U.S. retail investors now enjoy unified, regulated access to multiple asset classes.
How to trade Futures in United States
Final Thoughts: A New Chapter for U.S. Traders
Coinbase’s launch of perpetual futures marks a monumental shift in U.S. crypto trading. By offering non‑expiring contracts, up to 10x leverage, and stable pricing, all within a regulated framework, it invites traders to execute both short‑term strategies and long‑term plays with unprecedented precision.
Moreover, this initiative complements Coinbase’s broader offering such as continuous futures, commodities, and upcoming equities, making it a one‑stop shop for diverse markets.
If you’ve been searching for regulated, high‑leverage tools in U.S. crypto markets, perpetual futures on Coinbase are the opportunity you’ve been waiting for. Apply, trade, strategize, and lead in the new era of crypto derivatives.
