Coinbase Launches 24-7 Bitcoin and Ethereum Futures Trading for U.S. Users

Highlights:

• Coinbase now offers trading for Bitcoin and Ethereum futures to match crypto market activity at all hours.
• Traders can now access leveraged crypto futures anytime through Coinbase Derivatives and partner platforms.
• Coinbase acquired an options exchange to expand its crypto options and perpetuals trading services.

Coinbase Derivatives, a futures platform regulated by the CFTC, has introduced around-the-clock trading for Bitcoin and Ethereum futures. American traders can now trade in these markets without time constraints. The new service started on May 9, after an earlier announcement made in March.

Advertisement

24/7 trading for futures is here in the US.

Trade Bitcoin and Ethereum futures on your time — any hour, any day. The market doesn’t sleep, and now, neither do your opportunities.

Next up: Perpetual futures. Stay tuned. pic.twitter.com/q4OXMjr8pn

— Coinbase Futures (@cbFutures) May 9, 2025

The trading platform allows users to react to market movements, regardless of the time, even overnight and on weekends. This flexibility enables traders to manage their risk better and adapt to changes in real-time. Coinbase explained that the always-open feature corresponds to the global crypto market, which never closes.

To facilitate this feature, Coinbase developed an infrastructure that is able to facilitate stability and high performance during any given day. The platform is operational non-stop, which means that traders can enter and exit positions as well as trade based on live price pivots and events even during holidays.

Coinbase has brought in several partners to support the launch. Nodal Clear will handle the clearing process. The firm, which operates within the futures space, will make sure transactions go through securely. Liquidity support comes from Virtu Financial, while access to the new service will also be available through key futures commission merchants. These include ABN AMRO, Wedbush Securities, and Coinbase Financial Markets.

Exchange Builds on Futures Strategy With Perpetual Plans

This move by Coinbase forms part of a larger plan to expand its crypto futures offering. According to the statement, the company is consolidating resources and partnerships to offer perpetual futures to its customers in the United States. These instruments, which are already popular outside the country, do not have an expiration date and allow for ongoing trading activity.

Although these futures are not yet offered in the U.S. through a regulated venue, Coinbase aims to close that gap. The exchange wants to combine access to various trading products under one system. It has stated that offering around-the-clock services for futures contracts marks a shift in market structure, as it requires constant oversight and strong risk systems.

The futures products available now include options for both large institutions and retail participants. This range allows more types of traders to engage with futures contracts and use them to manage exposure or hedge their positions. Coinbase confirmed that the system was built to serve these different segments without sacrificing performance.

The company initially introduced the idea of 24/7 trading earlier this year. At that time, it noted strong demand from crypto-focused traders who needed faster access to the futures market. With this feature now live, Coinbase has set a new benchmark for futures trading in the U.S. market.

Coinbase Buys Deribit to Expand Derivatives Business

One day before the futures trading launch, Coinbase announced its acquisition of Deribit. Coinbase will pay $2.9 billion in cash and shares to close the deal. The deal is scheduled to conclude at the end of 2025.

Deribit is known for providing options and perpetual products to crypto traders, mostly outside the U.S. This acquisition will allow Coinbase to expand its reach and include options and perpetuals on the same platform as its spot and futures offerings. The company stated that this deal strengthens its goal to provide a complete trading experience. Bitcoin futures volumes reached $1.9 trillion last month. 

Advertisement