Coinbase Expands Crypto Derivatives with 24/7 Bitcoin and Ethereum Futures Trading

Coinbase has taken a significant step in catering to the demands of crypto traders by launching 24/7 Bitcoin and Ethereum futures trading for U.S. customers. This move underscores the exchange’s commitment to providing continuous market access, aligning with the non-stop nature of cryptocurrency markets. Below is a detailed summary of this development and its implications for the crypto trading landscape.

Coinbase Launches 24/7 Bitcoin and Ethereum Futures Trading

Coinbase has initiated round-the-clock Bitcoin and ethereum futures trading for U.S. customers, marking a significant expansion of its derivatives offerings. The move follows the exchange’s March announcement of plans to cater to crypto-native traders demanding continuous market access.

Leveraged trading is now available without time restrictions, aligning with the non-stop nature of cryptocurrency markets. The development comes alongside Coinbase’s strategic acquisition of Deribit, a leading options exchange, signaling deeper institutional ambitions in crypto derivatives.

Analysts Offer Mixed Outlooks for Coinbase After Q1 Results and Deribit Deal

Coinbase’s eventful Thursday included announcing its intent to acquire crypto options platform Deribit and reporting Q1 earnings. Revenue dipped 10% quarter-over-quarter to $2 billion, with trading revenue falling 19% while subscription services grew 9%.

The exchange’s stablecoin partnership with Circle continues to bear fruit, with USDC’s market cap peaking NEAR $60 billion during the quarter. Analysts remain divided on the company’s trajectory following these developments.