24/7 futures trading has arrived

We are excited to announce a major advancement in the regulated U.S. derivatives market. Starting May 9, 2025, U.S. traders will gain access to 24/7 trading for Bitcoin and Ethereum futures — the first time ever on a CFTC-regulated exchange.

We're proud to share that Coinbase Derivatives, LLC (CDE) is now the first CFTC-regulated derivatives exchange to offer leveraged futures contracts trading 24/7, offering round-the-clock and weekend trading of its retail and institutional-sized Bitcoin and Ethereum futures. This launch empowers U.S. traders with expanded market access to manage risk and seize opportunities in real-time, reflecting the always-on nature of the crypto markets.

Key Highlights:

• Continuous Market Access: We enable round-the-clock access to futures trading, with support for execution and risk management 24 hours a day, 7 days a week. This eliminates the limitations of traditional market hours — allowing U.S. traders to manage risk, respond to price movements and market events in real time, including weekends.

• Perpetual Futures Coming Soon: 24/7 futures trading is just the beginning. CDE is actively working to introduce perpetual-style futures to the U.S. — giving retail traders access to one of the most widely used derivatives products in crypto, but within a regulated environment. 

CDE is optimized for the continuous nature of crypto markets — its infrastructure is designed to maintain performance and reliability at all hours, enabling both retail and institutional traders to operate without interruptions. Together with our day-one clearing house partner, Nodal Clear, leading market maker Virtu Financial, and top Futures Commission Merchants — ABN AMRO, Wedbush Securities Inc., and Coinbase Financial Markets — we’re thrilled to bring 24/7 trading to the regulated U.S. futures market for the first time.

• Robust Clearing: In partnership with Nodal Clear, all trades are cleared through a CFTC-regulated clearinghouse, providing robust transparency and compliance.​ 

“Extending futures trading to a 24/7 cycle is a fundamental evolution in market structure and one that requires robust risk management around the clock. Nodal Clear is proud to provide the clearing infrastructure that makes this innovation possible, ensuring continuity, transparency, and integrity for all market participants,” — Paul Cusenza, Chairman and CEO, Nodal Clear.

• Reliable Liquidity: Experienced market makers, like Virtu Financial, help bring consistent liquidity across Coinbase’s growing digital asset ecosystem.

“24/7 trading is a natural evolution for US regulated crypto futures markets, and we’re proud to provide liquidity on a platform that aligns with the global, always-on nature of digital assets. By working with Coinbase Derivatives, we’re helping to build a more accessible, efficient, and robust 24/7 crypto derivatives market.” — Andrew Smith, Senior Vice President, Business Development and Corporate Strategy, Virtu Financial

• Strong Distribution and Liquidity Network: In addition to Coinbase Financial Markets, 24/7 trading is available through leading FCMs including ABN AMRO and Wedbush Securities Inc., offering access to CDE products, expanding availability and supporting seamless onboarding for a wide range of U.S. traders. 

"The arrival of 24/7 CFTC-regulated markets is a game-changer for the industry. Coinbase Financial Markets is thrilled to be able to provide seamless, around-the-clock access to futures trading, empowering our customers to trade anytime on Coinbase Advanced." — Andy Sears, Chief Executive Officer, Coinbase Financial Markets

“24/7 futures trading marks a transformational shift for the U.S. derivatives landscape. As a long-standing advocate for market innovation, ABN AMRO is proud to support this next chapter alongside Coinbase Derivatives, bringing around-the-clock access and crypto-native infrastructure to a regulated environment for the first time.” — Boudewijn Duinstra, Chief Executive Officer, ABN AMRO Clearing USA

“The launch of 24/7 trading in U.S. futures is a milestone that redefines access, flexibility, and responsiveness in modern markets. We’re excited to partner with Coinbase Derivatives to support a structure that finally matches the global, always-on nature of crypto and within the safeguards of a regulated exchange.” — Bob Fitzsimmons, Executive Vice President, Co-Head of Multi Asset Clearing & Prime Services, Wedbush Securities Inc.