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Coinbase Advanced Customers Can Now Trade Derivatives

Key Points:

Coinbase introduces perpetual contract trading for non-U.S. retail customers on its Advanced platform, supporting Bitcoin, Litecoin, Ether, and XRP contracts settled in USDC.
Coinbase Advanced customers can access both spot and derivatives markets with advanced tools.
This expansion follows regulatory approval in Bermuda and aims to provide non-U.S. retail customers with diverse trading options.

Crypto exchange Coinbase has extended its services to eligible non-U.S. retail customers, introducing perpetual contract trading through its Advanced platform.

Coinbase Unveils Perpetual Contracts for Coinbase Advanced Customers

The platform now supports perpetual contracts for Bitcoin, Litecoin, Ether, and XRP, all settled in USDC stablecoin. These contracts, accessible exclusively to non-U.S. retail customers meeting specific criteria, offer up to 5X leverage for Bitcoin, Ether, and Litecoin, while XRP contracts provide up to 3X leverage.

The move aims to tap into the derivatives market, providing traders with a seamless experience by integrating highly liquid spot markets with derivatives. Coinbase Advanced customers can employ advanced order types, TradingView charts, and APIs for automated trading, enhancing their trading strategies.

Coinbase’s Global Expansion and Regulatory Milestone

Presently, perpetual futures trading is limited to the Coinbase Advanced webpage, but the company plans to expand its services to mobile platforms soon, according to a press release. This development follows regulatory approval from the Bermuda Monetary Authority, granting Coinbase International Exchange the green light to offer perpetual futures to Coinbase Advanced customers outside the U.S.

To participate, non-U.S. retail customers must undergo standard assessment checks, ensuring eligibility and compliance. Coinbase’s move to introduce perpetual contracts reflects its commitment to diversifying its offerings and providing users with comprehensive trading options in the ever-evolving cryptocurrency landscape.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.