TLDR
- Coinbase launched new derivatives products for eligible professional investors in the UK.
- The offering includes perpetuals, dated futures, and crypto options across more than 170 contracts.
- Perpetual contracts offer up to 50x leverage, while dated futures provide leverage of up to 20x.
- Coinbase derivatives cover crypto, commodities, equities, and foreign exchange, while options remain limited to crypto.
- The rollout follows Coinbase’s MiFID license, which expands its ability to offer derivatives in the UK.
Coinbase has launched a suite of derivatives products for professional investors in the UK under its “Everything Exchange” strategy. The Coinbase derivatives offering includes perpetuals, dated futures, and crypto options for professional clients, with access opening in stages over the coming weeks.
The exchange said the range covers more than 170 contracts linked to crypto, commodities, equities, and foreign exchange. Perpetual contracts will trade around the clock with leverage up to 50x, while dated futures will provide settlement dates and leverage up to 20x.
Coinbase Derivatives Expand UK Product Range
Coinbase said its options service will focus only on crypto assets. Professional clients will gain access to calls, puts, and multi-leg strategies as the company broadens products for UK investors.
The launch follows Coinbase’s MiFID license. The company said the license allows it to offer derivatives contracts in the UK to clients who meet professional investor requirements.
Coinbase has continued to expand its UK services beyond crypto spot trading. The company began rolling out access to nearly 4,000 U.S.-listed stocks to eligible UK users, adding equities alongside crypto and fiat services.
The “Everything Exchange” plan also includes stablecoins, savings, borrowing, and products. Coinbase said the strategy aims to give users access to more asset classes through one platform.
Revenue Mix Moves Beyond Bitcoin
Coinbase has worked to reduce its reliance on bitcoin spot trading revenue. In its second-quarter report, the company said 88% of net revenue came from sources other than bitcoin spot trading.
The exchange reported that its global trading volume share rose to a record 10.3% in the quarter. That figure increased from 9.1% in the first quarter.
Coinbase describes itself as the most comprehensively regulated crypto company in the UK. Its subsidiary, CB Payments Ltd, operates under authorization from the Financial Conduct Authority for investment services.
The subsidiary is also authorized under the Electronic Money Regulations 2011 to issue electronic money. Coinbase continues to use these permissions to expand products for retail and professional clients.
