Today, Coinbase Derivatives announced the launch of permanently styled futures in the US on July 21st. These new futures contracts are designed to provide traders with a popular, lasting future, domestically regulated alternative that is widely used on offshore platforms.
“We look forward to announcing the launch of US permanent style futures at Coinbase Derivatives Exchange, designed to reflect the capabilities of global permanent futures while adhering to US regulatory standards.
The initial launch includes Nano Bitcoin Perpetual Style Futures (0.01 BTC) and Nano Ether Perpetual Style Futures (0.10 ETH) contracts. These contracts include a financing mechanism designed to trade 24/7, with a five-year expiration and closely align futures prices with spot market prices. Funds will be accrued every hour and resolved twice a day during the specified cash adjustment period.
Today, many US traders are accessing permanent futures through offshore platforms that can involve regulatory, custody and counterparty risks. The new contract aims to eliminate these risks by providing domestically compliant alternatives.
Coinbase says these products are intended to provide regulated exposure to Bitcoin and crypto markets with position sizing and capital efficiency flexibility. Details of transaction access through the Partner Platform will be shared prior to launch.
“We are extremely proud to bring a lasting style of future for the United States, a transformative milestone representing the beginning of a new era in US market access, efficiency and innovation,” the company said.
On June 20, Coinbase acquired a European Union Market (MICA) license from Luxembourg’s financial regulatory authority, allowing it to operate in all 27 EU member states under a unified framework. With this license, Coinbase will serve approximately 450 million Europeans under a single regulatory framework and replace individual licenses previously held in Germany, France, Ireland, Italy, the Netherlands and Spain.
“This milestone is an important step, operating under a regulated crypto environment controlled and controlled in one of the world’s largest economic regions, solidifying Coinbase’s position as a global leader in regulatory compliance and innovation,” said Daniel Seyfert.
Source: https://bitcoinmagazine.com/news/coinbase-to-launch-us-nano-bitcoin-perpetual-style-futures-in-july
