Coinbase, one of the largest exchanges in the cryptocurrency market, has announced that it has launched 24/7 continuous futures trading in the US. The move means that Bitcoin (BTC) and Ethereum (ETH) futures can now be traded on weekends.
Coinbase’s futures will be traded in compliance with the US Commodity Futures Trading Commission (CFTC) and will be offered under the umbrella of Coinbase Derivatives LLC. This development will allow the US markets to be more integrated with global crypto trading norms.
What Does Coinbase’s 24/7 Futures Offer?
Unlike traditional US futures markets, Coinbase’s perpetual-style futures will be open at any time, allowing investors to react more quickly to market fluctuations.
These new futures:
Continuous trading: While traditional futures are traded at specific hours, Coinbase’s perpetual futures will be open 24 hours.
A first in US markets: This model, which has not been implemented in the US before, will increase competition with global markets.
Open to institutional and individual investors: Coinbase appeals to a wide audience, from small investors to large funds.
More efficient risk management: While investors in traditional futures must constantly renew their contracts, there will be no such requirement in indefinite futures.
A New Era Begins in US Crypto Markets
Futures account for 75% of global crypto trading volume. However, the vast majority of these transactions were made outside the US. This move by Coinbase will allow US-based investors to compete on the same level as international markets.
Coinbase CEO Brian Armstrong stated in a recent statement that they want to make financial markets in the US more competitive. He also said that tokenized securities could be added to the Coinbase platform.
It is estimated that US exchanges will follow this trend initiated by Coinbase and become open 24/7 in the coming months.
Author: Besim Şen
