Coinbase has made a major move in the U.S. derivatives market, launching a 24/7 trading for Bitcoin futures. This is the first time that futures contracts for these digital assets are offered 24/7 through a CFTC-regulated exchange. Starting today, U.S. traders will be able to use Coinbase Verivatives, LLC (CDE), allowing continuous transactions including weekends without restrictions related to traditional market hours.
The introduction of 24/7 futures trading eliminates the limitations of traditional trading hours, giving traders the opportunity to manage risks in real time and seize opportunities. “24/7 trading is a natural development for the regulated crypto futures market in the U.S.,” said Andrew Smith, senior vice president of Virtu Financial. “By partnering with Coinbase derivatives, we are helping to build a more accessible, efficient and robust 24/7 crypto derivatives market.”
Coinbase’s infrastructure is designed to support uninterrupted continuous transactions. The company has plans to launch permanent futures soon, a widely used product in the cryptocurrency space. These future products will be available in a regulated environment, making it easier for retailers to access popular crypto derivatives. Andy Sears, CEO of Coinbase Financial Markets, shared his excitement: “The arrival of the 24/7 CFTC-regulated market is a game changer in the industry.”
This new development provides retail and institutional traders with the flexibility to trade futures contracts at any time, providing unparalleled market access and the ability to respond quickly to price changes or market events. Coinbase’s leadership sees this as a major change in the way the market works. “Expanding futures trading to the 24/7 cycle is a fundamental development of the market structure,” said Paul Cusenza, Chairman and CEO of Nodal Clear. “Nodal Clear is proud to provide clearance infrastructure to make this innovation possible, ensuring continuity, transparency and integrity for all market participants.”
Through Coinbase’s strong network of partners, including ABN AMRO, Wedbush Securities Inc. and Nodal Clear, this helps ensure a smooth trading business and strong liquidity, making this 24/7 trading access possible. These partnerships also provide seamless introductions to a wide variety of U.S. traders, thus extending access to CDE products.
Through this launch, Coinbase sets new benchmarks for the U.S. crypto futures market, creates new standards for digital asset trading, and reflects the continuity of the cryptocurrency world. This innovation is just the beginning, as Coinbase continues to expand its products and improve market access for all types of traders.
