Coinbase Launches Regulated Futures for Shiba Inu and Other Altcoins

Coinbase has introduced regulated futures linked to Shiba Inu, allowing trading on a US derivatives platform.

The new products include perpetual contracts and monthly futures tied to the 1k SHIB index, with trading available 24/7.
The initiative began on December 5, 2025, as part of Coinbase's effort to expand altcoin derivative listings under US regulations.
Perpetual contracts are designed like offshore swaps but feature a funding-rate mechanism to align prices closely with spot values.
Monthly contracts are compliant with Commodity Futures Trading Commission frameworks, ensuring regulatory oversight.

Market Impact

Regulated futures may change trading dynamics, appealing to institutional desks requiring clear regulatory paths.
Increased liquidity and continuous pricing could attract active traders, potentially raising volume and volatility.
Access to futures might facilitate short positions, influencing spot market volatility. Immediate effects on spot prices have been mixed.
As SHIB gains regulated futures, it meets criteria for spot ETF consideration, similar to Bitcoin and Ethereum.

Coinbase's focus on derivatives aligns with strategic priorities, including a significant $3 billion deal to enhance its derivatives capabilities, explaining its move to offer regulated altcoin futures.