Coinbase, the leading crypto exchange of the U.S., has announced the launch of perpetual futures products for U.S. traders, an expansion in domestic crypto trading options.
This seems to be an immediate result of recent regulatory progress in the United States. The newly launched offerings include two nano perpetual contracts:
Nano Bitcoin Perpetual Futures (BTC-PERP) and Nato Ether Perpetual Futures (ETH-PERP), these products, regulated by the Commodity Futures Trading Commission (CFTC), allow trading with up to 10x leverage and feature five-year expiration periods, a departure from the typical monthly or quarterly expirations seen in traditional futures markets.
Coinbase emphasized that these long-dated perpetual futures are designed to offer traders more flexible and strategic long-term positions. Fees start as low as 0.02% per contract, enhancing appeal for active participants in the market.
“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.”
This launch comes amid the regulatory developments, including the GENIUS Act, which provides a stablecoin framework, and the Clarity Act, which helps in defining the roles of the SEC and CFTC in regulated digital assets.
With Coinbase’s stock reaching an all-time high above $437 after the company’s market capitalization surpassed $100 billion earlier in the week, the bullish momentum also extended to stocks.
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