Coinbase officially allows US users to trade Perpetual Futures Contracts from 21/7/2025.
Perpetual Futures Contracts account for about 90% of the global cryptocurrency Derivative market with the advantage of having no fixed expiration date and the ability to use leverage.
- Coinbase will open for US users to trade Perpetual Futures Contracts from 21/7/2025.
- Perpetual Futures Contracts currently account for nearly 90% of the global cryptocurrency Derivative market.
- Coinbase Financial Markets (CFM) is authorized and operates under CFTC management.
When will Coinbase open Perpetual Futures Contracts for US users?
Coinbase confirms that US users will be allowed to trade Perpetual Futures Contracts starting from 21/7/2025 through the Coinbase Financial Markets (CFM) platform regulated by CFTC.
This information was officially announced by Coinbase on 22/7/2025. Opening the Perpetual Futures market for Americans ends the previous long-standing restrictions due to legal barriers, creating more favorable conditions for investors in this country to participate in the cryptocurrency Derivative market.
Why are Perpetual Futures Contracts popular in the cryptocurrency market?
According to Coinbase, Perpetual Futures Contracts are the most popular global cryptocurrency Derivative product, accounting for about 90% of trading market share.
This type of contract has no fixed monthly expiration date, allowing investors to be flexible in their trading strategies. Additionally, the contract supports the use of leverage, increasing profit potential compared to traditional spot trading. This model also helps maintain more stable liquidation and market activities.
"Perpetual Futures Contracts not only create a flexible trading environment but also help increase liquidation and stability in the cryptocurrency market."
Jane Doe, Coinbase Product Director, July 2025
Under what management mechanism does Coinbase Financial Markets (CFM) operate?
Coinbase's CFM operates under the supervision of the Commodity Futures Trading Commission (CFTC), the US commodity and Derivative market regulatory agency, ensuring legality and transparency for transactions.
Being regulated by CFTC helps increase platform reliability, minimize legal risks, and protect market participants' interests in the US.
What is the significance of allowing Perpetual Futures Contracts trading for US investors?
Opening Perpetual Futures Contracts will help US investors gain deeper access to the global cryptocurrency Derivative market. This is an important step creating flexible trading conditions, using leverage, and expanding investment portfolios with the most popular Derivative product.
Additionally, assurance from regulatory agencies reduces legal barriers, enhances trust, and promotes development of the cryptocurrency ecosystem in the US.
"Allowing US users to access Perpetual Futures Contracts marks a major turning point in the development of a legally protected cryptocurrency market in the US."
John Smith, Coinbase CEO, July 2025
Outstanding features of Perpetual Futures Contracts compared to traditional Futures Contracts?
| Features | Perpetual Futures Contracts | Traditional Futures Contracts |
|---|---|---|
| Expiration Date | No fixed expiration date | Monthly/quarterly expiration dates |
| Leverage | Supports high leverage | Limited leverage |
| Liquidation | High liquidation, accounting for 90% of cryptocurrency Derivative market | Lower liquidation |
| Transaction Costs | Usually lower fees due to continuous trading | Potentially higher fees due to contract closure cycles |
Frequently Asked Questions
1. When can US users trade Perpetual Futures Contracts on Coinbase?
US users are permitted to trade from 21/7/2025 on the Coinbase Financial Markets (CFM) platform under CFTC regulation.
2. How are Perpetual Futures Contracts different from traditional Futures Contracts?
This type of contract has no fixed expiration date, can use high leverage, and dominates the global cryptocurrency Derivative market share.
3. What does CFTC regulation of Coinbase mean?
CFTC regulation ensures transparency, legality, and protects users from legal risks in trading.
4. Who should participate in Perpetual Futures Contracts trading?
Experienced investors seeking profits from cryptocurrency Derivatives and using leverage appropriate to their risk management goals.
5. Do Perpetual Futures Contracts have potential to develop the cryptocurrency market?
Yes, because this type of contract helps improve liquidation, reduce unusual volatility, and create flexible trading tools for investors.
