Coinbase now offers crypto derivatives trading for BTC, LTC, XRP, and ETH to eligible customers outside the United States.
Coinbase has taken an important step to meet the growing demand for crypto derivatives trading by launching perpetual trading for eligible non-US retail clients. These users can trade perpetual futures through the Coinbase Advanced platform. According to an official AnnouncementEligible retail clients outside the United States can now access perpetual trading for four cryptocurrencies: Bitcoin (B T c), Litecoin (LTC), ether (ETH), And xrp, Coinbase also intends to launch perpetual contracts for additional cryptocurrencies in the coming months.
These contracts will be settled through the USDC stablecoin to provide traders with stability in an otherwise volatile market. Perpetual futures trading is available for eligible clients at a maximum leverage of 5x for BTC, ETH and LTC contracts and 3x for XRP.
To ensure the security and integrity of its perpetual futures trading platform, Coinbase has sought regulatory oversight from the Bermuda Monetary Authority. The move reflects the growing need for regulatory compliance in the crypto industry. This is also Coinbase’s effort to establish trust and transparency among market participants. The exchange has also implemented financial safeguards featuring an insurance fund funded using USDC and a liquidity support program.
The Case of Coinbase Perpetual Futures: A Rising Trend in Crypto Derivatives
The launch of perpetual trading by Coinbase underlines the growing popularity of derivatives within the crypto sector. According to Coinbase, these instruments represent a large portion of the crypto derivatives market and account for 75% of crypto trading volume worldwide.
The appeal of perpetual futures lies in their unique features, which allow traders to access the crypto market with greater capital efficiency and lower upfront investment. Additionally, the availability of leverage in these contracts further enhances capital utilization and profit potential, although it also carries inherent risks.
Coinbase seeks to streamline the trading experience for customers by consolidating advanced spot and derivatives trading into a single interface. This integration simplifies the trading process and provides advanced features like order types and API for automated trading. Traders can also access Trading View charts to gain insight into market trends and develop their trading strategies.
Coinbase’s perpetual futures trading facility ensures adequate capitalization through an insurance fund funded in USDC and a liquidity support program.
Coinbase boosts liquidity despite being the world’s largest Bitcoin entity
Recently Coinbase Suspended 80 non-USD trading pairs as it tries to boost liquidity. This follows similar action in September when the exchange suspended 41 non-USD pairs for the same reason.
As of the end of September, Coinbase held 5% of all Bitcoin in existence, According One for Arkham Post. The blockchain analysis and intelligence platform announced that Coinbase had 1 million Bitcoins in its reserves, which was worth about $25 billion at the time. Arkham described Coinbase as “the largest Bitcoin entity in the world,” and said the exchange owns as many Bitcoins as Bitcoin’s anonymous creator Satoshi Nakamoto.

Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to strip down the secrets of crypto stories to the basics so that anyone anywhere can understand without too much background knowledge. When Tolu is not deeply immersed in crypto stories, he enjoys music, loves to sing and is an avid film buff.
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