Coinbase International Exchange and Coinbase Advanced will introduce BNB perpetual futures support starting next week.
This development significantly expands Coinbase's derivatives offering. The BNB-PERP market will start after 9:30 AM UTC on April 3, 2025.
Coinbase Supports BNB Perpetual Contracts
In an official statement, Coinbase International Exchange confirmed this move and announced plans to support BNB perpetual futures starting next week.
"We will add BNB perpetual futures support on Coinbase International Exchange and Coinbase Advanced. The BNB-PERP market will open after 9:30 AM UTC on April 3, 2025," as stated in the announcement.
Coinbase Traders, the platform's advanced trading official account, reflected the announcement on X (Twitter). Introducing BNB perpetual futures on Coinbase's international platform provides new opportunities for traders.
Coinbase users will be given the opportunity to access perpetual futures contracts with no expiration date. This allows traders to maintain positions indefinitely. This feature is offered on Coinbase International Exchange for non-US users and Coinbase Advanced for experienced traders.
This move strengthens Coinbase's derivatives market and positions itself as a competitor to Binance, which already supports BNB futures. By expanding futures offerings, Coinbase can attract more traders seeking diverse investment opportunities.
For BNB users, being listed on major global exchanges like Coinbase International expands market accessibility and trading opportunities. This increased exposure could impact BNB's market value due to increased demand and trading volume.
Changpeng Zhao's Reaction Sparks Criticism
In the case of BNB, being listed on renowned exchanges like Coinbase enhances accessibility and credibility. This increased availability can promote adoption, but traders should be cautious of speculative price fluctuations and volatility associated with the launch. Binance founder Changpeng Zhao (CZ) commented on this development.
"Nobody applied for this. Focus on building. Listings happen naturally. BNB," CZ mentioned.
His statement suggests that the strength of the Binance ecosystem, rather than direct listing applications, drives BNB's growth and adoption.
Market sentiment is mixed, with some traders optimistic about BNB's future. Others challenge the "natural listing" of BNB perpetual futures on Coinbase, questioning the transparency and fairness of the selection process.
"Listings happen naturally? Doors that open naturally are already open to some and closed to others. If there's no application, who decides who gets 'naturally' listed? True decentralization is not about not knocking on doors, but about removing the gatekeeper," a user mentioned.
This criticism aligns with the broader blockchain debate about true decentralization, expected to reduce imbalances in trust and control.
Nevertheless, perpetual futures with leverage become a key factor. Coinbase's BNB traders can control larger positions with less capital. Notably, leverage can amplify potential profits but also increases the risk of significant losses.
Meanwhile, according to BeInCrypto data, BNB is currently trading at $628.40. This represents nearly a 2% decline over the past 24 hours. The listing is also expected to increase BNB's liquidity and volatility, especially around the launch date.
