Coinbase International Exchange 2025 Outlook

Coinbase International Exchange has solidified its position as a leader in the global crypto derivatives market. The platform expanded its perpetual futures listings from 15 to 106, achieved a 6200% increase in average daily trading volume (January vs. December), and recorded all-time highs in total open interest and 24-hour trading volumes in December. These milestones underscore Coinbase’s ability to scale while delivering a seamless trading experience, setting a strong foundation for future growth.

Looking ahead to 2025, Coinbase International Exchange is poised for an even more dynamic year as we work with regulators to expand access to a greater number of traders and focus on initiatives aimed at enhancing liquidity, expanding asset coverage, and improving capital efficiency. 

Enhancing Liquidity

Coinbase International Exchange is committed to making significant strides in the liquidity of our markets. A revamped quoting program will empower market makers to deepen liquidity pools, creating a more robust and efficient marketplace. By providing market makers with enhanced tools and incentives, the platform aims to support tighter spreads and higher trading volumes. Additionally, the introduction of a Request for Quote (RFQ) feature will ensure larger orders are executed seamlessly, mitigating depth challenges and enabling institutional traders and professional individual traders to participate confidently.

Expanding Asset Coverage

Asset listings will be a major focus, with plans to list 50-80 new tokens in the first half of the year. By developing faster listing methodologies, Coinbase International Exchange aims to provide more day-1 listings and access to emerging opportunities, further strengthening its market leadership. Expanded trading products will also take center stage as the platform introduces innovative instruments that foster differentiation and broaden trader engagement. Enhancements to the Coinbase 50 Index (COIN50) and pre-launch markets will continue driving innovation, setting the platform apart from competitors.

Improving Capital Efficiency

To enhance flexibility and capital returns, Coinbase International Exchange plans to expand collateral options by accepting additional assets for unified margin trading. New collateral options that earn rewards will allow traders to maximize their capital returns while maintaining liquidity. Notably, users can earn USDC rewards even while using it as collateral, combining liquidity access with passive income opportunities. Due to these initiatives, the platform is witnessing record highs in assets held on platform, further cementing its reputation as a trusted hub for crypto traders. Capital efficiency remains a cornerstone of the exchange’s strategy, with plans to enhance margin offsets and portfolio margining to become the market’s most capital-efficient trading venue.

With these bold initiatives, Coinbase International Exchange is well-positioned to push boundaries and shape the future of crypto derivatives trading in 2025. The journey is just beginning, and traders can look forward to a year of exciting opportunities and innovation.