Crypto traders in the U.S. can now trade Bitcoin and Ethereum futures anytime. Coinbase has introduced a 24-hour trading model, another big step, for regulated crypto derivatives in the country. The move is likely to enhance accessibility and fit the 24/ 7 nature of digital assets. With this change, traders can react to market volatility on weekends or holidays.
Coinbase Introduces 24/7 Bitcoin and Ethereum Futures Trading
Coinbase Global Inc. has launched continuous futures trading for Bitcoin and Ethereum on its platform. The trading will be available through Coinbase Derivatives LLC, starting May 9.
This update allows U.S. traders to access these crypto futures at any hour of the day. The company said this model matches the nonstop nature of crypto markets.
The new platform was built to deliver high-speed execution and consistent performance. According to Coinbase, it is optimized to operate during periods of high traffic and price swings.
Nodal Clear, a regulated clearinghouse overseen by the U.S. Commodity Futures Trading Commission (CFTC), will manage all clearing operations. Liquidity will be supported by Virtu Financial and top futures commission merchants like ABN AMRO, Wedbush Securities, and Coinbase Financial Markets.
Coinbase Expands Product Line Amid Market Surge
The timing for the new product is during the market upswing. Bitcoin has traded above USD 103000, and it has pushed its total market capitalization to over 2 trillion USD.
CoinMarketCap data indicated that Bitcoin was at $102.599.61, 1.58% ahead in the past 24 hours, as of press time. Ethereum also saw gains, rising 12.55% to $2,309.28.
Market volume and volatility have both increased. Within 24 hours, liquidations of short positions topped $1 billion.
Coinbase aims to support this growing activity with its new 24/7 trading. Rising institutional participation has helped boost volume and user demand.
Ethereum’s daily trading volume stood at $52.22 billion, reflecting growing interest in the asset.
Coinbase Eyes Perpetual Futures and Deribit Acquisition
Coinbase also plans to roll out perpetual-style futures shortly. These products, popular in global markets, are not yet available in the U.S. under CFTC regulation.
A perpetual contract differs from regular futures by having no expiration date. Coinbase aims to bring these under a regulated structure in the U.S.
In another development, the company is reportedly closing a $2.9 billion deal to acquire Deribit. Deribit is the world’s largest crypto options platform.
This acquisition will enable Coinbase to expand its services. It would offer spot, futures, and options trading under one regulated umbrella.
Regulatory Climate and Transparency Measures
Coinbase’s latest moves also come amid regulatory debates in the U.S. A recent Freedom of Information Act (FOIA) request exposed internal SEC discussions on Ethereum and XRP.
– 2019 SEC email acknowledging the “crypto regulatory gap,” years before the SEC argued that there was no such gap.
– 2023 email from the NYAG’s Office asking the SEC to submit an amicus brief in their KuCoin case arguing that ETH is a security. Rather than clear that up, SEC… pic.twitter.com/BMgkdSS5Q3— paulgrewal.eth (@iampaulgrewal) May 7, 2025
Coinbase’s legal team pointed to a difference between the SEC’s internal opinions and its public statements. The company said this supports calls for clearer and more consistent crypto regulation.
Whereas in all new futures deals on Coinbase, the CFTC will have regulatory control. The exchange repeated that its 24/7 system is strictly in compliance with compliance, custody, and governance standards.
Users are advised to trade cautiously as crypto futures are volatile. Although Coinbase did not give investment advice, they warned about leveraging and swinging prices.
