Coinbase, a well-known cryptocurrency exchange, has announced plans to introduce 24/7 Bitcoin and Ethereum futures trading within the coming weeks. According to an official announcement reported by PANews, their new offerings will be available through Coinbase Derivatives, LLC, a futures exchange operating under the regulatory oversight of the U.S. Commodity Futures Trading Commission (CFTC).
This development comes less than two weeks after the Securities and Exchange Commission (SEC) dismissed its lawsuit against the exchange, marking a significant shift in the regulatory landscape for digital assets in America.
Expanding Futures Capabilities for US Traders
The upcoming 24/7 futures contracts indicate a major shift in the accessibility for the American cryptocurrency traders, who will soon be able to manage risk and pursue trading opportunities around the clock.
This always-on trading model mirrors the continuous nature of the underlying cryptocurrency markets, removing the limitations of traditional market hours that have constrained regulated derivatives trading in the US.
Beyond the immediate launch of 24/7 futures trading, Coinbase has also revealed it is actively developing perpetual future contracts for the US market. This is a big deal because these perpetual futures were available to the traders outside of the US but not in the US due to regulatory constraints.
Coinbase Addressing Market Demand and Competitive Disadvantages
By bringing these contracts to the regulated US market, Coinbase wants to respond directly to the demands of cryptocurrency traders while maintaining compliance of the region’s framework.
The company’s announcement suggest that these developments are part of a broader effort to modernize the US cryptocurrency derivatives market, making it more accessible, competitive, and more in line with the global trading standards.
Changing Regulatory Environment
This product expansion indicates that the US is undergoing significant changes. The SEC has created a Crypto Task Force for establishment of clearer regulations for crypto assets, shifting away from its presvious enforcement-based approach. This change has led to dismissal of various crypto-related cases, including those against Coinbase, Robinhood, Gemini, and Consensys’s MetaMask.
As a result, US traders may soon have access to the same trading tools as international participants, leveling the playing field and making American cryptocurrency markets more competitive and accessible. This development can surely provide new opportunities for traders and investors.
Also Read: Movement Network Announces ETF Filing by REX-Osprey & Mainnet Beta Launch
