Coinbase, a major US cryptocurrency exchange, is bringing around-the-clock futures trading for Bitcoin and Ethereum to its American customers. This means traders can now buy and sell contracts based on the future price of these cryptocurrencies at any time of day.
Around-the-Clock Trading for US Customers
The new service, launching in the coming weeks, is a big deal for US-based crypto traders. Currently, many futures contracts are only available during limited hours, and expire on specific dates. This new offering from Coinbase aims to provide a more flexible and efficient trading environment, similar to international markets. According to Coinbase VP Greg Tusar, this move is in direct response to strong demand from their US clients.
Regulation and Collaboration
Coinbase is working closely with the Commodity Futures Trading Commission (CFTC) to ensure full regulatory compliance. Tusar also emphasized the importance of collaboration within the crypto industry to develop a robust and regulated US derivatives market. He issued an open invitation to other firms to join in building this “next generation” of crypto derivatives trading.
A More Competitive Market
The company believes this initiative will make the US crypto market more competitive and accessible. By offering 24/7 trading, Coinbase aims to give traders more tools to manage risk and capitalize on opportunities in the cryptocurrency market.
