Coinbase Brings Perpetual Futures to U.S. Traders Under CFTC Regulation

In a landmark move for American crypto traders, Coinbase has announced the launch of CFTC-regulated perpetual futures through Coinbase Financial Markets (CFM).

Starting July 21, 2025, U.S. users gained access to one of the most traded derivatives in the world—previously unavailable due to regulatory barriers.

U.S. traders gain access to long-awaited crypto derivatives

Perpetual futures, which account for 90% of global crypto trading volumes, have long been off-limits to U.S. retail investors. Now, Coinbase is bridging that gap, offering a secure, regulated path for Americans to trade nano Bitcoin (BTC-PERP) and nano Ether (ETH-PERP) perpetual contracts.

These products are designed with retail traders in mind, allowing users to gain long-term exposure with greater capital efficiency. Unlike traditional futures, Coinbase’s perpetuals do not expire monthly—instead, they feature 5-year durations, enabling continuous trading without contract rollovers.

Key features for retail futures traders

CFTC-regulated trading: Operate under full regulatory oversight via Coinbase Financial Markets.
No monthly expirations: Contracts are long-dated for simplicity and flexibility.
Leverage options: Trade with up to 10x intraday leverage on crypto contracts, or up to 20x on metals like gold and silver.
Low fees: Trading fees start at just 0.02% per contract, with a $0.15 minimum to cover exchange and clearing costs.

READ MORE:

U.S. Dollar Comes Onchain as GENIUS Act Ushers in Digital Era

How to get started

To begin trading, users must have an active Coinbase account. Once logged in, they can apply for access to derivatives through Coinbase Financial Markets. Upon approval, trading can begin immediately on eligible perpetual futures contracts.

This launch marks a pivotal moment for U.S. crypto markets, expanding access to high-volume global trading tools within a regulated, trusted platform—and giving American traders a seat at the table in the derivatives-driven digital asset economy.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.