Key Notes
- The platform becomes America’s first major exchange providing regulated perpetual derivatives, eliminating the need for offshore trading risks.
- Initial contracts will feature nano Bitcoin at 0.01 BTC and nano Ether at 0.10 ETH, offering leveraged exposure with capital efficiency benefits.
- These 5-year structured contracts include hourly funding rates and twice-daily settlements, addressing the regulatory gap that previously forced US traders overseas.
Coinbase is set to launch a suite of “US Perpetual-Style Futures” trading products on July 21, 2025. This move makes Coinbase the first major exchange to offer perpetual crypto derivatives within the United States under full CFTC regulatory oversight.
According to the official blog announcement, new contracts will initially support nano Bitcoin (0.01 BTC) and nano Ether (0.10 ETH) positions, allowing for both leverage and capital efficiency while tracking spot market prices around the clock.
Coinbase CEO Brian Armstrong confirmed the news on X, announcing that perpetual-style crypto futures will arrive in the US on July 21 as a fully CFTC-compliant product exclusive to Coinbase, responding directly to user demand.
You asked for it, we built it.
Perpetual-style crypto futures are coming to the US on July 21.
Starting with $BTC and $ETH. No quarterly expiration, available 24/7, with spot price tracking. Fully CFTC compliant.
Only available on Coinbase 🫡 pic.twitter.com/2Df9coAuIo
— Brian Armstrong (@brian_armstrong) June 26, 2025
The launch is expected to be the first of several derivative product expansions planned for 2025, as Coinbase aims to challenge dominant players like Binance and Bybit in global derivatives trading.
Coinbase Aims to Close Regulatory Gap in Crypto Derivatives Markets
Due to current regulatory restrictions, American traders have historically turned to offshore platforms for perpetual exposure, introducing counterparty and compliance risks. The product will be offered via Coinbase Derivatives Exchange, with access granted through Coinbase Advanced and institutional APIs.
Boris Ilyevsky, Head of Coinbase Derivatives, described the launch as “a major milestone” for US crypto market infrastructure
“This offering represents a major milestone in giving US-based traders regulated access to the most widely-used product structure in crypto… We’re giving US-based traders access to the same capital-efficient instruments used globally, but within a fully regulated environment,” said Ilyevsky.
The new product line mirrors the global success of perpetual futures, which now represents over 90% of all crypto derivatives trading, while addressing key gaps in the US market.
Coinbase’ US Perpetual-Style Futures will be structured as 5-year long-dated contracts, with hourly funding rates, 24 hour trading and twice-daily cash settlement windows to ensure alignment with spot pricing.
BTC Bull Token Gains Momentum as Coinbase Expands Bitcoin Derivatives Access
As Coinbase prepares to launch CFTC-regulated perpetual futures for Bitcoin
BTC
$107 439
24h volatility:
0.2%
Market cap:
$2.14 T
Vol. 24h:
$23.70 B
, traders are also eyeing BTC Bull Token ($BTCBULL) presale event. The token is designed to reward holders with Bitcoin as BTC climbs. With over $7.4 million raised, BTC Bull offers staking rewards and airdrops triggered by Bitcoin price milestones, including a major payout at $250,000 BTC.
Built on Ethereum and audited by Coinsult, the token combines meme coin appeal with a Bitcoin-aligned rewards model. Its supply burn mechanism and high-yield staking contract have drawn interest from investors seeking leveraged upside tied to Bitcoin’s long-term performance.
The final phase of the presale is now live. Visit the official BTC Bull website to secure tokens before the sale closes.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
Ibrahim Ajibade on LinkedIn
