Coinbase made a significant move in the US derivatives market, launching trading 24 hours a day, 7 days a week for future bitcoins. This is the first time that future contracts exploited for these digital resources will be available all day on an exchange regulated by the CFTC. Starting today, the US traders will have access to Coinbase Derinbase, LLC (CDE), allowing continuous trading, including weekends, without restrictions related to traditional market hours.
The introduction of Futures Trading 24 hours a day, 7 days a week eliminates the limits of traditional trading hours, offering traders the opportunity to manage the risk and seize opportunities in real time. “Trading 24 hours a day, 7 days out of 7, is a natural evolution for the markets of the encrypted futures regulated in the United States,” said Andrew Smith, Virtu Financial senior vice -president. “Working with coinbase derivatives, we are helping to build a 24/7 cryptocurrency derivatives market more accessible, efficient and robust.”
Coinbase infrastructure is built to support continuous uninterrupted trading. The company is already planning to introduce future perpetual, a product widely used in encryption space. These future products will be available in a regulated environment, making it easier for detail traders to access the popular cryptocurrency derivatives. Andy Sears, COO of Coinbase Financial Markets, shared his excitement: “The arrival of markets regulated by CFTC 24/7 is a turning point for industry”.
This new development provides retail and institutional traders with flexibility towards future contracts at any time, offering unparalleled access to the market and the ability to quickly react to price movements or market events. Coinbase leadership sees this as a great change in the way the market operates. “The extension of the Futures trade to a cycle 24 hours a day, 7 days a week is a fundamental evolution in the market structure,” said Paul Cusenza, president and CEO of Nodale Clear. “Nodale Clear is proud to provide the compensation infrastructure that makes this innovation possible, guaranteeing continuity, transparency and integrity for all participants in the market”.
This access to 24/7 trading is made possible through the strong network of coinbase partners, including Abn Amro, Wedbush Securities Inc. and Noodal Clear, which help to guarantee trading operations without problems and robust liquidity. These partnerships also provide seamless onboarding for a wide range of US traders, expanding access to CDE products.
With this launch, Coinbase is setting a new point of reference for the Futures market on American cryptocurrencies, creating a new standard for digital resources trading that reflects the always active nature of the world of cryptocurrencies. This innovation is only the beginning, since Coinbase continues to expand its offers and improve market access for all types of traders.