Coinbase to introduce 24/7 futures trading for Bitcoin and Ethereum on May 9

FXStreet
Updated
Mitrade
coverImg
Source: DepositPhotos

  • Coinbase Derivatives has announced the launch of 24/7 Bitcoin and Ethereum futures trading for US traders on May 9.

  • The launch will allow US-based crypto derivatives investors to trade Bitcoin and Ethereum futures contracts round-the-clock.

  • The contracts will be backed by Coinbase Financial Markets and cleared through Nodal Clear, ensuring clear institutional framework. 

Coinbase has announced the decision to launch 24-hour trading functionality for US-based traders on May 9 2025, just 24 hours after the US congress advanced a bill for crypto stablecoin regulations.

Coinbase greenlights 24/7 futures trading for Bitcoin and Ethereum Futures

Currently, derivatives account for over 75% of total crypto trading volume globally, according to CCdata. However, until now, US traders have faced limited access due to fixed market hours and contract expiration policies. By introducing 24/7 trading, Coinbase aims to eliminate inefficiencies that prevent traders from reacting to price movements in real time.

Perpetual-style futures to bridge US trading inefficiencies

In addition to continuous trading access, Coinbase is also developing a perpetual-style futures contract. Unlike standard futures, these contracts do not have expiry dates, allowing traders to maintain positions indefinitely.

The new perpetual-style contracts aim to provide US traders with more efficient hedging and strategy execution. Without the constraints of fixed expirations, traders can implement long-term positions without disruptions. Furthermore, the introduction of a regulated perpetual futures market within the US could reduce reliance on offshore exchanges, which have historically offered more competitive alternatives.

Crypto Regulations remain a crucial factor. In recent years, Coinbase has worked closely with the Commodity Futures Trading Commission (CFTC) to ensure compliance while expanding derivatives offerings to altcoins. 

The US Congress also advanced a bill for Crypto stablecoin regulations this week as the Trump administration continues to push for crypto reserves, to mitigate mounting national debt. 

Key points Coinbase users must note:

  • Coinbase Derivatives launches 24/7 Bitcoin and Ethereum futures for US traders on May 9. 

  • The exchange is developing perpetual-style futures to eliminate contract expirations, enhancing trading flexibility within US markets.

  • Coinbase's move is expected to boost institutional crypto adoption while reducing the need for offshore derivatives platforms.

Bitcoin Derivatives Markets Analysis, April 4 | Source: Coingecko

Bitcoin Derivatives Markets Analysis, April 4 | Source: Coingecko

At press time Bitcoin futures open interest stands at $53 billion according to Coingecko data, up 1.6% within the last 24 hours. 

Market participants anticipate that the upcoming futures launch and perpetual contract developments will drive greater institutional participation in US-based crypto derivatives.

Perpetual futures lack expiration dates, enabling traders to hold positions indefinitely, providing better flexibility for long-term strategies.

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
Solana finds $545M lifeline as PayPal officially adopts Chainlink and SOL for paymentsSolana price rallied 6% on Friday, drive by multiple catalysts—including PayPal integration, strong U.S.
Author  FXStreet
11 hours ago
Solana price rallied 6% on Friday, drive by multiple catalysts—including PayPal integration, strong U.S.
placeholder
Avalanche price nears $20 breakout as China tariffs spark crypto market recoveryAvalanche (AVAX) traded within a narrow 2% range between $18 and $20 this week, signaling stability as markets digest geopolitical volatility.
Author  FXStreet
11 hours ago
Avalanche (AVAX) traded within a narrow 2% range between $18 and $20 this week, signaling stability as markets digest geopolitical volatility.
placeholder
Ethereum Price Forecast: ETH shows resilience amid stock market turmoilEthereum (ETH) showed resilience heading into the weekend, trading above $1,800 on Saturday despite the impact of Trump's tariff announcements sparking heavy losses across the stock market and in precious metals.
Author  FXStreet
11 hours ago
Ethereum (ETH) showed resilience heading into the weekend, trading above $1,800 on Saturday despite the impact of Trump's tariff announcements sparking heavy losses across the stock market and in precious metals.
placeholder
USD/INR gains ground as Trump-induced tariffs storm intensifiesThe Indian Rupee (INR) trades in negative territory on Monday. The local currency remains under pressure after US President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains.
Author  FXStreet
11 hours ago
The Indian Rupee (INR) trades in negative territory on Monday. The local currency remains under pressure after US President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains.
placeholder
AUD/USD tumbles to a five-year low below 0.6000 amid US-China tariffs warThe AUD/USD pair tumbles to near 0.5985 for the first time since the COVID-19 pandemic during the early Asian session on Monday.
Author  FXStreet
11 hours ago
The AUD/USD pair tumbles to near 0.5985 for the first time since the COVID-19 pandemic during the early Asian session on Monday.