Coinbase has officially launched perpetual futures trading for Bitcoin (BTC) and Ethereum (ETH) in the United States as of July 21, 2025. This significant development allows eligible users to trade two specifically tailored futures contracts through their Coinbase Financial Markets account. This move signifies a major step in the evolution of cryptocurrency trading in the U.S., as it aligns with the growing regulatory support for digital assets.
The Launch of Perpetual Futures
In the latest announcement, Coinbase detailed that U.S. users can now engage in trading perpetual derivatives with access to nano Bitcoin Perpetual Futures (BTC-PERP) and nano Ether Perpetual Futures (ETH-PERP). The introduction of these products not only adds to the extensive range of services available on the platform but also marks a critical phase in increasing the liquidity and depth of the crypto market landscape.
Perpetual futures are a unique form of derivative contracts that allow traders to maintain their positions without the constraints of traditional expiration terms. Instead of monthly expirations, these contracts are designed to provide an ongoing trading experience with a facility for leverage—traders can utilize up to 10x leverage for their positions, enticing both seasoned and new investors into the market.
- Trading fees start as low as 0.02%
- Long-duration positions extend up to five years
- High leverage improves capital efficiency but carries increased risk
Coinbase emphasized that the arrival of perpetual futures comes amidst a revitalization of the cryptocurrency markets in the U.S., fueled by a supportive regulatory environment and recent legislative changes, such as the passing of a comprehensive stablecoin bill.
Impacts on Traders
While the benefits of trading perpetual futures are enticing, potential investors should be acutely aware of the inherent risks associated with leveraged trading. Increased leverage amplifies both potential returns and losses, adding a layer of complexity to trading strategies. As the statement from Coinbase aptly put it, “The wait is over – Perpetual futures have arrived in the U.S.”
As this new trading option takes flight, it is expected to reshape trading dynamics, empowering users to explore enhanced trading strategies while navigating the associated risks of the cryptocurrency market.
Overall, Coinbase’s introduction of Bitcoin and Ethereum perpetual futures not only broadens the trading options available for U.S. customers but also catalyzes a vibrant path forward in the continuously evolving world of cryptocurrency.
