Coinbase, one of the world’s largest cryptocurrency exchanges, has introduced perpetual futures trading for its U.S.-based customers. It announced this new feature through a Monday post using a new X social media account created for the newly-launched Coinbase Perpetuals trading.
The wait is over – Perpetual futures have arrived in the U.S.
→ No monthly expirations
→ Trade with up to 10x leverage
→ Fees as low as 0.02%Now you can trade perpetual-style futures on Coinbase Financial Markets, a secure and CFTC-regulated platform. pic.twitter.com/627ZOPTTzG
— Coinbase Futures (@cbFutures) July 21, 2025
The exchange also noted that the new feature was added in response to a long-standing request from its users who wanted to capitalize on profits from the crypto market through futures trading.
Coinbase Perpetuals is Here
According to a recent press release, Coinbase announced that the feature would enable customers to trade perpetuals regulated by the U.S. Commodity Futures Trading Commission (CFTC) on Coinbase Financial Markets (CFM). Starting with nano Bitcoin Perpetual Futures (BTC-PERP) and nano Ether Perpetual Futures (ETH-PERP). The exchange would roll out pairs related to other cryptocurrencies over time.
One of the unique features of the Coinbase Perpetuals is the trading fees, which are as low as 0.02% per contract. The exchange sees this as a way to make derivatives trading more accessible for both small-pocket and high-net-worth traders.
Interestingly, it allows trading with up to 10x intraday leverage for crypto perpetual futures and 20x leverage for silver and gold. This will enable traders to maximize their positions and enjoy more profits.
Furthermore, it addresses a common issue with many traditional futures trading platforms by enabling traders to hold positions for as long as possible, without any monthly or quarterly trade expiration periods. Perpetual futures on the American crypto exchange only expire after a trader holds a position for five years, allowing long-term or swing traders to maximize their trading strategies.
Polymarket Expands in the U.S.
After exiting the U.S. market for some time now, prediction platform Polymarket has taken a step to resume operations in America by acquiring CFTC-approved derivatives exchange, QCX, in a $112 million deal. It plans to utilize QCX’s CFTC license to offer legally regulated prediction markets to U.S. users.
Meanwhile, while leverage or perpetual traders enjoy profits, they also suffer losses when the market moves against popular predictions. Recently, when BTC slumped below $117,000 after reaching a new all-time high above $123,000, leverage traders lost over $1 billion as the market moved against popular analytical price predictions.
