Coinbase has launched CFTC-regulated perpetual futures for U.S. traders, offering up to 10x leverage. This follows Kraken's own recent launch of a regulated futures platform, both actions spurred by the signing of the GENIUS Act, a significant piece of crypto legislation by President Trump. Coinbase aims to fill a gap in U.S. crypto markets where regulatory uncertainty previously hindered U.S. traders from accessing derivatives. Initially, customers can trade nano Bitcoin and nano Ether perpetual futures contracts with trading fees starting as low as 0.02% per contract. The perpetual contracts last for five years, allowing traders to hold positions without needing to roll contracts. This significant move marks a shift towards efficient derivatives markets and aligns the U.S. with global practices, potentially fostering increased institutional adoption of cryptocurrencies. Coinbase's stock, however, has seen a slight dip since the launch.

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