Coinbase (COIN) Rockets 5.5% Ahead of Game-Changing U.S. Perpetual Futures Launch July 21

Wall Street's crypto reluctant darling just got a turbo boost.

Coinbase stock surges as regulators finally play ball—with the first U.S.-approved perpetual futures contracts hitting the market next month. The 5.5% pop smells like institutional money positioning for the crypto derivatives gold rush.

Regulatory shackles loosening? Or just Wall Street realizing their 'blockchain not Bitcoin' mantra was always financial theater?

Either way—the house always wins. Especially when it's the only FDIC-insured casino in town.

TLDR

• Coinbase Launches First U.S.-Regulated Perpetual Futures on July 21.
• Nano Bitcoin & Ether Futures Offer 24/7 Trading, Leverage, and Spot Tracking.
• U.S. Traders Get Regulated Alternative to Offshore Perpetuals via Coinbase.
• Five-Year Contracts Reduce Expiry Hassles and Enable Long-Term Strategies.
• Coinbase Aims to Reshape U.S. Derivatives Market with CFTC-Compliant Products.

Coinbase Global, Inc. (COIN) shares jumped 5.54% during the day, rising sharply after 10:30 AM and peaking above $380 by mid-afternoon. It later consolidated and closed at $375.07, with a slight 0.11% gain in after-hours trading.

Coinbase Global, Inc. (COIN)

Coinbase will introduce its first U.S.-regulated perpetual-style futures on July 21, aiming to capture unmet domestic demand. The launch includes long-dated futures for Bitcoin and Ethereum, structured to mimic global perpetuals within U.S. legal boundaries. These products will offer 24/7 trading, leverage, and spot-price tracking, while reducing counterparty and regulatory risks.

Nano Bitcoin Futures Aim for Broader Participation

Coinbase will launch the nano bitcoin Perpetual-Style Futures contract with a unit size of 0.01 BTC on July 21. The contract will trade continuously and expire in five years, offering flexibility to both short-term and long-term traders. Unlike traditional futures, this product includes hourly funding rates settled twice a day to maintain close spot alignment.

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

These mechanics allow Coinbase to offer a more efficient alternative to standard quarterly contracts, which typically require constant monitoring and rollovers. Traders in the U.S. have often resorted to offshore exchanges due to the lack of local perpetual options. With this product, Coinbase addresses that gap using a CFTC-compliant structure.

The five-year duration supports multi-year strategies, reducing friction associated with frequent expirations. Meanwhile, the nano sizing lowers the financial threshold, enabling broader market access. This initiative gives Coinbase a first-mover advantage in the U.S. regulated perpetual space.

Nano Ether Futures Enhance Leverage with Regulatory Safety

Alongside Bitcoin, Coinbase will launch nano Ether Perpetual-Style Futures with a size of 0.10 ETH per contract. The structure mirrors the Bitcoin futures product, with five-year terms, 24/7 trading, and a dual-settlement funding mechanism. These features make it possible to manage long or short exposure efficiently without relying on offshore platforms.

Funding will accrue hourly and settle twice daily, based on market positioning. This helps keep futures pricing tied to Ethereum’s spot value throughout the trading period. Such alignment provides a near-spot trading experience without the risks associated with decentralized or offshore venues.

Coinbase aims to serve both active traders and those seeking longer-term exposure with minimal rollover complexity. By doing so, the platform enters a market dominated by offshore firms like Binance and Bybit. Coinbase’s compliant model offers a domestic solution with the same utility, but fewer risks.

Coinbase Repositions U.S. Derivatives Market

The global crypto derivatives market is dominated by perpetual futures, accounting for over 90% of trading volumes. U.S. participants lacked direct access to such products under domestic regulation. Coinbase now fills this gap with products that match the structure of offshore offerings.

Coinbase aims to redefine how derivatives trade in the U.S. by introducing long-term contracts that replicate perpetual behavior. These contracts reduce dependence on offshore platforms and help bring the market within regulatory oversight. Coinbase plans to expand availability through partner platforms shortly.

As traders look for leverage and efficiency without overseas risk, Coinbase becomes the first to offer a compliant U.S. alternative. This development could pressure other U.S. venues to follow with similar offerings. Coinbase’s MOVE signals a broader evolution of regulated crypto derivatives within American markets.