COIN Soars 15% as Coinbase Launches Game-Changing 24/7 Crypto Futures

Wall Street wakes up to crypto's 'never sleep' reality as Coinbase fires the latest volley in the derivatives arms race.

Round-the-clock trading lands

The exchange just bulldozed the last remaining barrier to perpetual crypto markets—traditional finance's 9-to-5 mentality. Institutional traders now face the same sleep-deprived reality as retail degens.

Liquidity meets leverage

New products target both sides of the volatility spectrum: micro-contracts for cautious whales, max-leverage options for YOLO traders. The move comes as BTC flirts with $100K and regulators scramble to draft rules for assets that ignore time zones.

Bonus jab: Finally, fund managers can lose money at 3AM like the rest of us.

TLDR

• Coinbase will launch US Perpetual-Style Futures for Bitcoin and Ether on July 21.
• The new futures contracts will trade 24/7 and include a funding rate mechanism for price alignment.
• Each Bitcoin contract will represent 0.01 BTC, and each Ether contract will represent 0.10 ETH.
• The contracts will have five-year expirations and settle funding rates twice daily.
• Coinbase aims to provide a regulated alternative to offshore perpetual futures platforms.

Coinbase has announced the upcoming launch of its US Perpetual-Style Futures contracts, beginning July 21, 2025. These products aim to offer US traders a domestic alternative to offshore perpetual futures. COIN stock responded positively to the news, showing notable gains during Thursday’s trading session.

The exchange will debut with nano Bitcoin and nano Ether futures contracts, each designed to enhance capital efficiency and market access. These contracts will include five-year expirations and will be available around the clock. Coinbase confirmed that the futures will incorporate a funding rate model to maintain price alignment with spot markets.

These new offerings aim to close a regulatory gap that has long driven US traders to overseas platforms. Coinbase plans to address custody and compliance concerns through a regulated, domestic framework. The move could shift a significant portion of crypto derivatives activity back to US soil.

Coinbase Expands with US Bitcoin Futures

Coinbase will introduce nano Bitcoin Perpetual-Style Futures, sized at 0.01 BTC per contract, starting July 21. These contracts are tailored for US traders seeking secure access to perpetual derivatives. They will trade continuously, offering real-time exposure to Bitcoin price movements.

US Perpetual-Style Futures.
Coming July 21.

→ No quarterly expiration dates
→ Spot price tracking
→ Embedded leverage
→ 24/7 availability

All on a CFTC-regulated US exchange. pic.twitter.com/NKwqyWW4n2

— Coinbase 🛡️ (@coinbase) June 26, 2025

The futures will feature a dynamic funding rate that adjusts every hour to reflect market conditions. Settlement will occur twice daily during pre-set adjustment windows to ensure consistent pricing. This setup will help reduce price divergence from the underlying bitcoin spot market.

Coinbase developed the contracts to mirror offshore perpetual products while meeting US regulatory standards. This approach aims to reduce risk tied to unregulated venues while expanding legal access. Traders will also benefit from improved capital efficiency due to smaller contract sizes.

Nano Ether Futures Target US Traders

Coinbase will also introduce nano Ether Perpetual-Style Futures contracts, each representing 0.10 ETH. The contracts are built to serve both institutional and retail traders under a fully compliant structure. These futures will also trade 24/7, reflecting Ether’s global liquidity and demand.

Coinbase will apply the same hourly funding and dual-settlement framework as used in the Bitcoin futures. This ensures consistent pricing and predictable risk management mechanisms for all participants. The regulated format supports market stability and lowers counterparty exposure.

With this launch, Coinbase strengthens its position in the US crypto derivatives market. The exchange aims to provide regulated options while addressing the needs of active crypto traders. Additional access details will be announced through partner platforms prior to the official launch.