Golden Finance reports that cryptocurrency trading platform Coinbase plans to launch perpetual contract trading in the United States that complies with the regulations of the U.S. Commodity Futures Trading Commission (CFTC). This news was disclosed by Max Branzburg, vice president of products at Coinbase, at the cryptocurrency summit held in New York.
In the current context where derivatives trading is increasingly becoming an important part of the cryptocurrency market, Coinbase’s move has drawn much attention. At present, in the global cryptocurrency market, derivatives trading accounts for more than 75% of the total trading volume. However, previously, the crypto derivatives trading market in the United States was subject to numerous restrictions, such as fixed trading hours and the constraints of traditional expiring contracts, which posed many inconveniences for American traders when managing their exposure to crypto assets.
On May 9th this year, Coinbase, as the first platform approved by the CFTC, took the lead in launching 24/7 futures trading for Bitcoin and Ethereum, breaking the trading hours restrictions of the traditional derivatives market in the United States. The upcoming perpetual contract trading will further enhance Coinbase’s derivatives product line in the United States.
Perpetual contracts, as a special type of futures contract, have no expiration and delivery date. Traders can hold positions for a long time without worrying about the expiration of the contract. This feature makes it widely popular in the global cryptocurrency market, especially suitable for traders who wish to make long-term investments or manage risks flexibly. By launching perpetual contracts that comply with CFTC regulations, Coinbase aims to provide US traders with trading tools that are closer to the standards of the global cryptocurrency derivatives market, enabling them to invest and manage risks more effectively in a compliant environment.
Coinbase has been actively promoting the compliance process of cryptocurrency trading in the United States. From obtaining the “BitLicense” issued by the New York State Department of Financial Services (NYDFS), to directly listing on Nasdaq, and now continuously launching innovative trading products that comply with CFTC regulations, Coinbase has been steadily advancing on the path of compliant development. The launch of this perpetual contract not only reflects Coinbase’s acute insight into market demands, but also demonstrates its determination to create a comprehensive and compliant cryptocurrency trading ecosystem for American users.
With the upcoming launch of Coinbase’s perpetual contract trading, the US cryptocurrency derivatives market is expected to enter a new stage of development. This innovative measure will provide more trading options for American traders, promote market competition, and further integrate the US cryptocurrency market with the global market. It is worth keeping an eye on how Coinbase will specifically implement the details of the contract’s launch and what kind of reaction the market will have to this.
Related Topics:
- The bill on the reserve of crypto assets was submitted to the Ukrainian parliament
- The first meeting of the China-Us economic and Trade consultation mechanism was held in London and achieved remarkable results
- Dingshi Capital plans to raise approximately HK $5.3 million to acquire a licensed virtual asset trading company
