TLDR
- Coinbase offers 24/7 Bitcoin and Ethereum futures trading.
- Nodal Clear handles trade clearing with 24/7 infrastructure.
- Virtu Financial provides liquidity for smoother trading.
- Big firms like ABN AMRO support the new futures launch.
- Perpetual futures and more products are coming soon.
Coinbase Derivatives LLC has introduced 24/7 trading for Bitcoin and Ethereum futures contracts in the United States, marking a significant development in the regulated derivatives market. The service, which became active on May 9, 2025, is available through Coinbase Derivatives, a subsidiary of Coinbase Global, Inc., and is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC).
JUST IN: 🇺🇸 Coinbase Derivatives launches 24/7 $BTC and $ETH futures, becomes the first U.S.-regulated platform to offer nonstop leveraged trading. pic.twitter.com/EW3YvoBX46
— Whale Insider (@WhaleInsider) May 9, 2025
The offering allows retail and institutional U.S. traders to execute leveraged futures contracts anytime. This move aims to align regulated trading access with the continuous nature of the global cryptocurrency markets, which operate without interruption across time zones. Futures trading allows market participants to manage exposure and respond to volatility.
Infrastructure and Clearing Support
Coinbase Derivatives partnered with Nodal Clear, a CFTC-regulated clearinghouse that will handle all trade clearing to support this market structure. The infrastructure is designed for uninterrupted operation, ensuring reliability and compliance in a non-stop trading environment. According to Nodal Clear CEO Paul Cusenza, the launch required robust infrastructure and 24/7 risk management protocols to maintain operational integrity.
Market liquidity will be provided by experienced firms such as Virtu Financial, which has committed to supporting the platform with consistent pricing and trade execution. This partnership aims to contribute to the overall efficiency and accessibility of the new 24/7 futures market.
Participation from Major Financial Institutions
Several Futures Commission Merchants (FCMs), including ABN AMRO, Wedbush Securities Inc., and Coinbase Financial Markets, support the launch. These firms will offer access to Coinbase Derivatives’ new products and assist with onboarding and client support.
Executives from the involved firms have emphasized the launch’s operational significance, noting that the extended trading 24/7 hours align with U.S.-based crypto derivatives. The offering includes nano and standard-sized contracts for Bitcoin and Ethereum, enabling diverse trading strategies for various participants.
Future Product Expansion and Strategic Developments
Coinbase Derivatives has indicated that it plans to expand its product offerings by introducing perpetual-style futures contracts within the U.S. market. The 24/7 futures launch follows Coinbase’s recent $2.9 billion acquisition of Deribit, a significant platform for Bitcoin and Ether options. This acquisition seeks to strengthen Coinbase’s position in the crypto derivatives space and support future product rollouts under a compliant framework.
Coinbase’s initiative is part of a broader strategy to bridge the operational gap between traditional financial markets and digital assets.
