TLDR:
- Coinbase expands 24/7 futures to altcoins like Dogecoin and Cardano.
- New U.S. perpetual-style futures for altcoins with long expirations.
- Altcoin futures add more trading options on Coinbase’s platform.
- Coinbase introduces altcoin futures for leveraged, continuous trading.
- Altcoin futures boost Coinbase’s competitive edge in crypto markets.
Coinbase Derivatives has announced it will expand its 24/7 trading services to include altcoin futures. Starting December 5, Coinbase will add perpetual-style futures for popular altcoins, including Avalanche, Bitcoin Cash, Cardano, Chainlink, Dogecoin, Hedera, Litecoin, Polkadot, Shiba Inu, Stellar, and SUI. This move builds on Coinbase’s existing 24/7 offerings for Bitcoin, Ethereum, Solana, and XRP futures. The new altcoin futures will operate on the same continuous trading schedule, aiming to provide more accessible market opportunities.
Expansion of Altcoin Futures Trading
Coinbase’s expansion into 24/7 altcoin futures trading reflects its commitment to providing continuous market access. The addition of assets like Cardano, Dogecoin, and Shiba Inu broadens Coinbase’s offering, allowing traders to engage with a wider range of popular altcoins. These futures will operate with the same perpetual contract structure already in place for Bitcoin and Ethereum, using a funding rate mechanism to keep futures prices aligned with spot markets.
Coinbase is introducing U.S.-based perpetual-style futures for these altcoins. These contracts will have five-year expirations, unlike traditional perpetual contracts, which have no expiration date. The move is designed to provide traders with long-term options while still maintaining the benefits of perpetual-style contracts.
New Perpetual-Style Futures for Altcoins
The U.S. perpetual-style futures being launched by Coinbase offer key features that differentiate them from traditional futures. These long-dated contracts allow traders to use leverage while ensuring prices stay in line with the spot markets through a funding rate mechanism. The funding accrues hourly and is settled twice a day, which ensures price alignment.
For Coinbase, the introduction of altcoin futures represents a strategic move to increase its offerings in the competitive cryptocurrency market. The company already operates 24/7 futures trading for Bitcoin, Ethereum, Solana, and XRP. Now, with altcoin futures added to the lineup, Coinbase positions itself to meet growing demand for a diverse range of cryptocurrency trading options.
Regulatory Compliance and Market Opportunities
Coinbase’s derivatives arm, regulated by the Commodity Futures Trading Commission (CFTC), continues to build on its regulatory framework. The introduction of these altcoin futures complies fully with CFTC regulations, ensuring a secure trading environment for users. The expanded futures market also aligns with Coinbase’s recent acquisition of Deribit, which enhances its capabilities in the crypto derivatives space.
The launch of U.S.-based perpetual futures for altcoins marks a significant milestone for Coinbase. This product will allow traders to hedge, speculate, and gain exposure to these altcoins with the added benefit of continuous market access.
Coinbase’s move to expand its 24/7 futures trading services to include popular altcoins sets the stage for a broader and more diverse trading landscape. By offering U.S.-based perpetual-style futures with long expiration dates, Coinbase provides traders with more flexibility and access to cryptocurrency markets around the clock.
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