Coinbase to Launch US Perpetual-Style Futures on July 21, 2025
Coinbase will launch “US Perpetual-Style Futures” on July 21, 2025, marking the first major U.S. exchange to offer perpetual crypto derivatives under CFTC oversight.
Key details include:
- Contracts will support nano Bitcoin (0.01 BTC) and nano Ether (0.10 ETH).
- Products will allow leverage and track spot market prices.
- Access will be through Coinbase Derivatives Exchange, via Coinbase Advanced and institutional APIs.
- Structured as 5-year contracts with hourly funding rates and twice-daily cash settlements.
CEO Brian Armstrong confirmed the news, emphasizing user demand. The launch aims to close the regulatory gap that has led American traders to offshore platforms for perpetual exposure.
Boris Ilyevsky, Head of Coinbase Derivatives, stated this offering provides regulated access to popular global trading instruments.
Additionally, interest is rising in the BTC Bull Token ($BTCBULL), which has raised over $7.4 million. It rewards holders with Bitcoin based on price milestones, incorporating a supply burn mechanism and high-yield staking.