TLDR
- Coinbase launched 23 perpetual and dated crypto futures contracts for eligible Canadian investors.
- The products cover Bitcoin, Ethereum, Solana, and 20 other digital assets.
- Eligible traders can access up to 10x leverage, depending on the contract and margin requirements.
- Coinbase also offers five commodity futures and Coinbase 50 Index futures in Canada.
- Access is limited to qualified investors, including clients with at least $5 million in net financial assets.
- Coinbase Financial Markets provides the products under Canadian foreign dealer and futures commission merchant exemptions.
Coinbase has expanded its Canadian derivatives business with cryptocurrency futures for eligible investors. The offering gives clients access to 23 perpetual and dated futures contracts with leverage of up to 10x. The contracts cover Bitcoin, Ethereum, Solana and 20 other digital assets.
The company offers the products through Coinbase Financial Markets, its U.S.-registered futures commission merchant. Canadian clients can access the service under foreign dealer and futures commission merchant exemptions. The launch adds a derivatives option for sophisticated traders in Canada.
Coinbase Adds Crypto Futures in Canada
Eligible Canadian investors can trade perpetual and dated futures. Perpetual contracts have no fixed expiry date, while dated contracts settle on scheduled dates. Traders can use the products to take long or short positions or manage existing market exposure.
Coinbase has also added five commodity futures linked to gold, silver and oil. The platform also includes Coinbase 50 Index futures. Nano-sized contracts reduce the capital needed to open positions compared with larger standard futures contracts.
The offering provides leverage of up to 10x, depending on the contract and margin rules. Leverage allows traders to control larger positions with less upfront capital. It can also increase losses and raise liquidation risk when markets move sharply.
Coinbase is offering introductory pricing of 0.02% per trade, plus a flat fee of $0.11 per contract. The company said the lower pricing will remain available for a limited period as it rolls out the new Canadian derivatives service.
Access Remains Limited in Canada
Coinbase does not offer the products to every Canadian customer. It limits access to clients who meet provincial eligibility rules. Current requirements include at least $5 million in net financial assets, excluding real estate, or registration as an investment adviser or dealer.
Coinbase Financial Markets remains registered with the U.S. Commodity Futures Trading Commission. The National Futures Association also oversees the business. The Canadian offering therefore targets qualified investors rather than retail customers.
Coinbase enters a market where other U.S. trading firms have increased crypto activity. Webull added cryptocurrency trading in Canada this week using Coinbase infrastructure for trading and custody.
Robinhood also expanded in Canada through its $180 million purchase of WonderFi in June. That deal brought Bitbuy, Coinsquare and about 300,000 funded customers under Robinhood. Coinbase now joins those firms with a regulated futures product aimed at eligible Canadian investors.
