Coinbase to Potentially Enhance Bitcoin Futures Trading for US Residents Amid Regulatory Landscape and Industry Competition
The post Coinbase to Potentially Enhance Bitcoin Futures Trading for US Residents Amid Regulatory Landscape and Industry Competition appeared on BitcoinEthereumNews.com.
Coinbase is set to revolutionize its offerings by introducing 24/7 trading for Bitcoin (BTC) and Ether (ETH) futures, marking a significant milestone for US traders. This strategic move aims to provide more flexible trading options amidst increasing competition from established players in the crypto derivatives market. “The launch will enable US residents to engage more dynamically in the crypto market,” said a representative from Coinbase, emphasizing the need for enhanced market access. Coinbase’s latest move facilitates 24/7 trading of Bitcoin and Ether futures for US residents, competing against major players like CME Group and Robinhood. Coinbase’s Initiative Paves the Way for Enhanced Crypto Trading On March 10, 2024, Coinbase announced the introduction of round-the-clock trading for Bitcoin and Ether futures for US residents, a groundbreaking initiative that aims to reshape the landscape of cryptocurrency trading. This development comes amid a growing desire among traders for more flexibility and access in a market that has been largely dominated by non-US exchanges. Currently, many US traders face limitations when engaging in crypto derivatives due to fixed trading hours and expiring contracts. Coinbase’s new perpetual futures trading option aims to eliminate these inefficiencies by allowing traders to make moves whenever they see fit, thereby increasing market participation. Understanding the Landscape of Crypto Derivatives The crypto derivatives market has skyrocketed, with a staggering $1.3 trillion in monthly trading volume recorded in September 2023, according to data from Alpha Point. This figure dwarfs the spot crypto market, showing that the demand for derivatives continues to outpace traditional trading options. Futures contracts, which allow traders to buy or sell an asset at a predetermined price and date, play a pivotal role in this ecosystem. The introduction of perpetual futures contracts—those without a maturity date—provides additional flexibility and trading opportunities for users. Coinbase Faces Increasing Competition from…
Filed under: News - @ March 10, 2025 11:25 pm