Coinbase Introduces Perpetuals Trading for Non-U.S. Retail Customers
Crypto exchange Coinbase has launched perpetuals trading on its Coinbase Advanced platform for eligible non-U.S. retail customers. Perpetuals, also known as “perps,” are futures contracts without an expiration date and are popular among crypto derivatives traders.
The perpetuals trading service includes four contracts: Bitcoin (BTC), Litecoin (LTC), Ether (ETH), and XRP, all settled in the USDC stablecoin. It is available to retail customers outside the United States who meet the eligibility criteria through standard assessment checks.
Advanced users can trade both spot markets and derivatives in one interface, with access to advanced order types and APIs for automated trading.
Leverage Limits and Regulatory Oversight
The Advanced platform offers a maximum leverage of up to 5x for BTC, ETH, and LTC contracts, while XRP contracts have a leverage of up to 3x. Coinbase plans to introduce contracts for other cryptocurrencies in the future.
Regulatory oversight for these perpetual futures accounts is provided by the Bermuda Monetary Authority. Financial safeguards are in place through an insurance fund and a liquidity support program, both denominated in USDC stablecoin.
Earlier this year, Coinbase received approval from the BMA to offer perpetual futures trading to non-U.S. institutional clients.
Hot Take: Coinbase Expands Derivatives Offerings with Perpetuals Trading
Coinbase’s introduction of perpetuals trading on its Advanced platform for non-U.S. retail customers marks another expansion in its derivatives offerings. By providing access to these popular instruments without an expiration date, Coinbase aims to cater to the needs of crypto derivatives traders around the world. The inclusion of spot markets and advanced order types in one interface enhances the trading experience for users. With regulatory oversight from the Bermuda Monetary Authority and financial safeguards in place, Coinbase ensures a secure environment for its customers. As Coinbase continues to expand its derivatives offerings, it solidifies its position as a leading cryptocurrency exchange.
By
By
By
By
By