Coinbase to Launch CFTC-Regulated Perpetual Futures for Bitcoin Trading in the U.S. Starting 2025

Coinbase announced that starting July 21, 2025, U.S. investors will gain access to CFTC-regulated perpetual futures via its Coinbase Financial Markets (CFM) platform. This move introduces the world’s most actively traded derivative product to the U.S. crypto market, marking a significant milestone in digital asset trading.

Historically, American traders have been sidelined from engaging in perpetual futures due to stringent regulatory constraints, while international counterparts have leveraged these instruments extensively. Perpetual futures, known for their higher leverage and absence of monthly expiry, currently represent approximately 90% of global crypto derivatives volume, underscoring their dominance in market dynamics.

The integration of these derivatives on Coinbase’s platform reflects evolving regulatory clarity and offers U.S. traders enhanced opportunities for portfolio diversification and risk management. This development is poised to reshape the domestic crypto trading landscape by aligning it with global market standards.