Coinbase Opens U.S. Access to Bitcoin and Ethereum Futures

Coinbase has launched CFTC-regulated perpetual futures contracts for Bitcoin and Ethereum to U.S. customers beginning July 21, 2025, marking a first in the domestic crypto market.

Coinbase’s launch of regulated futures contracts signifies expanded access for U.S. traders, aligning domestic markets with global standards.

Coinbase Financial Markets

Coinbase Financial Markets, a licensed subsidiary, spearheads this effort, introducing regulated crypto futures in the U.S. for Bitcoin and Ethereum. The move is seen as a maturation of the local market structure. CEO Brian Armstrong has advocated for regulatory clarity in the field and compliant access for U.S. traders. Offering up to 10x leverage, the new contracts aim to attract both retail and institutional participants at low trading fees starting at 0.02%.

“Coinbase opened trading on CFTC-regulated perpetual futures contracts for Bitcoin and Ethereum to U.S. customers on July 21, 2025, a first for domestic crypto markets.” — Brian Armstrong, CEO and Co-Founder, Coinbase

The introduction has led to significant market activity, with Ethereum experiencing a price surge. This is observed to increase U.S. trader’s engagement and aligns Coinbase’s offerings with global leaders. Regulatory clarity between the SEC and CFTC now allows American investors to partake in these markets legally and transparently. The enhanced access could position the U.S. as a competitive player, potentially encouraging capital migration back to domestic exchanges.

There are no recorded direct quotes from industry figures such as Arthur Hayes or Vitalik Buterin on this launch. However, Coinbase’s official channels emphasize regulatory compliance and improved market access. This strategic shift positions Coinbase to solidify its place as a frontrunner amongst other exchanges offering derivatives trading opportunities, enhancing its product portfolio significantly.

The market’s response indicates a shift towards greater adoption and liquidity. With U.S. traders previously limited to offshore platforms, this development is expected to drive trading volumes and deepen liquidity in the domestic market. On-chain data reflects a likely uptick in Coinbase’s account activities, contributing positively to liquidity flows in CFM managed contracts.