@Coinbase has officially launched global crypto options and perpetual futures for U.S. traders, following key regulatory approvals from the @CFTC. The move positions Coinbase as the first reg
@Coinbase has officially launched global crypto options and perpetual futures for U.S. traders, following key regulatory approvals from the @CFTC. The move positions Coinbase as the first regulated Futures Commission Merchant (FCM) to connect American investors directly to global crypto derivatives liquidity pools.
The significance of this step is hard to overstate. For years, U.S. crypto traders watched as international counterparts used perpetual futures, instruments that dominate roughly 90% of global crypto derivatives trading volumes. Due to a complex regulatory landscape, they remained largely out of reach for traders in the United States.
That gap is now closing. Part of the equation is Coinbase's access to Deribit, the world's leading crypto options exchange, which Coinbase acquired in August 2025. Deribit is the number one crypto options exchange by volume and open interest, with roughly $60 billion of current platform open interest and over $1 trillion traded last year. The original tweet cited over $31B in $BTC options open interest via Deribit at the time of the announcement, reflecting a snapshot of that broader open interest figure.
The products are designed to comply with CFTC rules while mimicking traditional perpetuals, giving Coinbase a regulated alternative to offshore crypto derivatives platforms.Previously, some U.S.-based traders accessed perpetual futures through offshore exchanges, an approach that introduced regulatory, custody, and counterparty risks. The new offering eliminates those workarounds, providing a domestic, regulated alternative with the same core utility.
Coinbase Financial Markets secured regulatory approval from the National Futures Association (NFA) to operate as a Futures Commission Merchant (FCM) in August 2023. Since then, it has provided thousands of retail investors access to regulated futures, including crypto and traditional commodities contracts. The latest launch extends that framework to cover global options and perpetual futures products.
U.S. customers can trade CFTC-regulated perpetual futures via Coinbase Financial Markets, bringing one of the world's most traded derivatives to a regulated crypto platform.Initial contracts include nano Bitcoin (BTC-PERP) and nano Ether (ETH-PERP) with leverage of up to 10x.
By unlocking these instruments, Coinbase is giving domestic users direct access to the derivatives segment that currently drives the majority of total global crypto trading volume, all within a structure overseen by the CFTC and the NFA.
Sources:Coinbase: Perpetual Futures Have Arrived in the U.S.Coinbase: Deribit Joins Coinbase, Unlocking the Future of Global Crypto DerivativesCoinCentral: Coinbase Rolls Out CFTC-Approved Perpetual Futures for U.S. Traders
