Coinbase: Unlocking New Opportunities in Crypto Derivatives

Crypto derivatives have become an essential component of the digital asset ecosystem, offering traders and institutions powerful tools for risk management, capital efficiency, and strategic exposure. As demand for futures continues to accelerate, Coinbase is leading the way by expanding access to regulated derivatives products.

Through our latest initiatives—including offering CFTC-regulated Solana and Hedera futures contracts via Coinbase Derivatives, LLC, expanded institutional access to regulated futures via Coinbase Financial Markets, Inc., and the introduction of perpetual futures crypto-native FX trading via Coinbase International Exchange, LLC —we are delivering innovative, compliant, and accessible trading solutions that empower market participants to navigate and capitalize on the evolving crypto landscape.

CFTC-Regulated Solana and Hedera Futures Contracts

We are proud to announce that Coinbase Derivatives, LLC (CDE) has self-certified with the U.S. Commodity Futures Trading Commission (CFTC) to offer futures contracts for Solana (SOL) and Hedera (HBAR). This milestone represents another step forward in the regulatory evolution of crypto derivatives in the United States, reinforcing the legitimacy and growing demand for digital assets. CDE now offers 19 futures contracts, including futures on Bitcoin, Ether, Dogecoin, Stellar, Gold, and more.

Solana and Hedera stand out as leading blockchain networks, each offering unique advantages that make them attractive to both institutional and retail traders. Solana is renowned for its high-speed transactions and low fees, making it a preferred choice for high-performance decentralized applications. Hedera, leveraging its alternative blockchain technology, delivers security, efficiency, and scalability, positioning it as a powerful enterprise-grade network.

To ensure accessibility for a wide range of market participants, our new futures contracts are designed with trader-friendly specifications: 

• Solana Futures (SLC): 100 SOL per contract

• nano Solana Futures (SOL): 5 SOL per contract

• Hedera Futures (HED): 5000 HBAR per contract

More details on when these futures contracts will be available for trading on our partner platforms will be available soon.

Regulated Crypto Futures Trading for Institutional Clients

In August 2023, Coinbase Financial Markets, Inc. (CFM) secured regulatory approval from the National Futures Association (NFA) to operate as a Futures Commission Merchant (FCM). Since inception, CFM has provided thousands of retail investors access to regulated futures, including crypto and traditional commodities contracts.

Today, CFM is excited to announce that eligible institutions will now have access to futures trading through Coinbase Financial Markets, Inc., empowering them to effectively manage crypto risk and exposure through advanced trading strategies.

By offering access to futures through a fully regulated crypto-native FCM, CFM is setting a new standard for institutional trust in the crypto derivatives market and bridging the gap with traditional finance. Institutions can trade with confidence, knowing they are engaging with a platform that prioritizes security, transparency, and compliance.

EURC-USDC Perpetual Futures: Crypto-Native FX Trading with Leverage

We are excited to announce the launch of EURC perpetual futures on Coinbase International Exchange. With EURC perpetual futures, we’re unlocking crypto-native foreign exchange (EURC-USDC), giving traders seamless, 24/7 access to Euro price exposure. 

Traditional foreign exchange (FX) markets are the largest and most liquid financial markets in the world, with over $7.5 trillion daily volume. Historically, FX trading has been limited to traditional financial institutions, requiring intermediaries and banking relationships, with limits on access and trading hours. EURC perpetual futures offer an alternative to FX trading, and represent a major step toward decentralizing global finance and enabling traders to unlock value on crypto rails.

EURC-PERP will offer up to 20x leverage for increased capital efficiency and provide instant settlement. In addition, EURC perpetual futures do not expire allowing for continuous Euro price exposure without the need to roll contracts. Eligible non-US institutions can trade EURC-PERP on Coinbase International Exchange and eligible non-US retail investors can trade on Coinbase Advanced.

What’s Next?

We’re building the future of finance and we’re just getting started. As we expand our product suite across Coinbase, we will continue to enhance our derivatives offering with new contracts, trading tools, and risk management features designed to meet the evolving needs of investors.

Coinbase Derivatives, LLC is a Designated Contract Market (DCM), registered with the U.S. Commodity Futures Trading Commission (CFTC), operating a crypto-centric futures exchange that offers many products across a broad range of asset classes and contract sizes.

Coinbase Financial Markets, Inc. is a wholly owned subsidiary of Coinbase Global, Inc. and is registered as a Futures Commission Merchant (FCM) with the National Futures Association (NFA) to facilitate the trading of listed derivatives contracts on DCMs on behalf of its customers.

Coinbase International Exchange, LLC. is a digital asset trading platform specializing in perpetual futures trading and is regulated by the Bermuda Monetary Authority. It is made up of Coinbase Bermuda Limited and Coinbase Bermuda Services Limited, together known as ‘Coinbase Bermuda’ an exempted company limited by shares incorporated in Bermuda.

This is provided for information purposes only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument.

Trading in futures involves substantial risks. You should only trade in financial products that you are familiar with and understand the associated risks, and after carefully considering whether such trading is suitable in light of your investment experience, financial position, and investment objectives.  Leverage in futures trading can work for you or against you. The risk of loss using leverage can exceed your initial investment amount.

Futures products and services on Coinbase Advanced are offered by Coinbase Financial Markets, a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets.