Coinbase launches 24/7 Bitcoin, Ethereum futures: US investors crave perpetual contracts

Here is the English translation: The US-listed cryptocurrency exchange Coinbase announced on March 10 that Coinbase Derivatives, Coinbase's futures exchange regulated by the US Commodity Futures Trading Commission (CFTC), will launch the first 24/7 perpetual-style Bitcoin and Ethereum futures contracts in the coming weeks: "In the coming weeks, Coinbase Derivatives, our CFTC-regulated futures exchange, will launch the first 24/7 perpetual Bitcoin and Ethereum futures contracts, allowing US traders to manage risk and capture opportunities around the clock - just like crypto." "We are also developing perpetual-style futures contracts to unlock a critical product that US traders have been missing." The announcement explains that derivatives are the backbone of the global cryptocurrency market, accounting for over 75% of total trading volume. However, these activities are largely conducted in international markets with 24/7 operations and perpetual futures contracts, while US traders have had to contend with fixed market hours and expiring contracts, which can lead to inefficiencies, especially for those managing crypto positions. Therefore, in response to strong demand from US customers, the Coinbase Futures exchange aims to provide traders with the tools they need to manage crypto risk and capture opportunities on their own terms. With the launch of these new products, US traders will have access to: - 24/7 trading: No more waiting for markets to open; crypto spot markets trade 24/7, so futures should too. - Scalable contract sizes: Whether you're a retail or institutional trader, Coinbase has contract sizes to fit a wide range of trading strategies. - Institutional-grade infrastructure: Coinbase's partnership with Nodal Clear ensures CFTC-regulated clearing, and Coinbase Financial Markets will provide seamless market access from day one. Furthermore, Coinbase emphasizes that it will continue to meet traders' investment needs by bringing perpetual-style futures contracts to the US market, which is important because: - Perpetual trading without time limits: Perpetual futures allow traders to maintain positions without worrying about contract expiration, enabling long-term strategy execution and risk management. - Closing the gap for US traders globally: While perpetual futures are available in global markets, US traders have been at a disadvantage, forced to contend with structures that limit trading flexibility. - Unlocking a competitive edge: Launching regulated perpetual-style contracts in the US ensures traders can efficiently execute strategies without relying on overseas alternatives.