Market Watch

Coinbase Derivatives to Launch 24/7 Bitcoin & Ethereum Futures For U.S. Traders on May 9th

On May 9, Coinbase Derivatives, LLC, a CFTC-regulated futures exchange, is launching the first 24/7 Bitcoin and Ethereum futures contracts, giving US traders uninterrupted access to manage risk and seize opportunities—just like crypto. We’re also developing a perpetual-style futures contract, unlocking a key product US traders have been missing. Built in response to strong demand from crypto-native traders, these innovations make US markets more accessible, competitive and aligned with global standards.

Derivatives are a cornerstone of global crypto markets, accounting for over 75% of in total trading volume. Yet, much of this activity has taken place internationally, where markets operate 24/7 and offer futures contracts that aren’t confined to traditional expiries. US traders have navigated fixed market hours and expiring contracts, which can create inefficiencies — particularly for those managing crypto exposure. Driven by strong demand from our crypto-native US clients, Coinbase Derivatives, LLC is making regulated futures markets more accessible, transparent, and competitive. Our goal is simple: give traders the tools they need to manage risk and seize opportunities in crypto–on their terms.

Today, US futures markets operate within fixed trading hours–out of sync with the 24/7 nature of crypto. This forces traders to sit on the sidelines during key market moves, limiting their ability to react in real time. With the launch of 24/7 access to Bitcoin and Ethereum futures, we’re eliminating this gap. For the first time, US traders will be able to: Trade anytime – No more waiting for markets to open; crypto spot markets trade 24/7, and the futures market should too.

While true 24/7 trading is a critical step forward, we know traders want more. That’s why we’re also working to bring to market a first of its kind perpetual-style futures contract with long dated expirations—a product designed to mirror the global crypto derivatives market while meeting US regulatory standards. Trade without time constraints – Perpetual futures allow traders to maintain positions without worrying about contract expirations, enabling long-term strategy execution and risk management. 

Terron Gold

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