Crypto Exchange Coinbase (COIN) Will begin to offer perpetual style futures contracts in the US. On July 21, becoming one of the first regulated players to offer the globally popular product.
The new vehicle, first available with Bitcoin
and Ether, will trade in the exchange of coinbase derivatives, a place regulated by CFTC.
Unlike the perpetual offshore, which dominate the world markets of cryptographic derivatives, but are not approved in the USA., Coinbase instruments are structured as long -standing futures with five -year expirations. They incorporate a financing rate mechanism that accumulates per hour and is resolved twice a day to imitate the dynamics of perpetual swap prices. The trade will be available 24 hours a day, 7 days a week and the agreements will be handled through regulated cleaning.
Separately, CEO of Coinbase, Brian Armstrong, said the company also accumulates Bitcoin regularly as an investment.
“We are buying more bitcoin every week. Long Bitcoin,” Armstrong said at a Thursday X post in response to David Bailey, CEO of the Bitcoin Nakamoto Holdings Treasury firm.
This occurs after the CFO of Coinbase Alesia Haas revealed in the earnings call of the first quarter of 2025 that the company bought $ 150 million in crypto, predominantly Bitcoin. Coinbase has 9,257 BTC for a value of almost $ 1 billion in its general balance and is one of the 10 main holders of the asset, according to the latest data compiled by Bitcintrease.net.
Read more: Coinbase appears in the full circle, it rises to the highest price since 2021 Nasdaq debut
