Coinbase has rolled out a significant update to its Advanced platform, allowing traders to execute futures contracts for Bitcoin (BTC) and Ethereum (ETH) around the clock.
Before this, futures trading was Sunday through Friday, shackling traders to an inability to react instantly to market moves. With this new offering, US traders can open and close BTC and ETH futures positions at any hour, providing greater flexibility and control over their investments.
Continuous trading allows market participants to better manage risks and capture opportunities as they arise, at any time and from any hour. This change reflects Coinbase’s commitment to futures markets: enhancing them by adapting to traders’ needs and making their access easier.
Furthermore, Coinbase will offer 24/7 futures trading with other popular cryptocurrencies within the coming weeks, including Solana (SOL) and Ripple (XRP).
Coinbase not only offered round-the-clock service but also expanded its futures contracts. The platform now offers contracts for SOL, XRP, Cardano (ADA), and Hedera Hashgraph (HBAR).
Coinbase expands perpetual futures contracts offering
Beyond cryptocurrencies, traders can also access futures on commodities such as silver, natural gas, gold, and oil. Coinbase aims to further expand offerings by soon introducing futures trading on equity indices.
Coinbase Advanced will offer regulated crypto derivatives’ high perpetual-style BTC and ETH futures contracts in the US. It’s coinciding with the launch of new tools and order types, including take profit/stop loss (TP/SL) orders and time-weighted average price (TWAP) orders.
Such features as auto-sweeping excess funds back to Coinbase and auto-rolling expiring positions add to the efficiency of trading. Soon to follow is a new margin health indicator, shortly assisting traders in monitoring liquidation risk.
To start trading futures, existing Coinbase users need to complete a simple application on coinbase.com/futures. All contracts are funded and settled in US dollars. Users should consider the risks very carefully because losses beyond the initial investment are possible in futures trading.
Coinbase Financial Markets is the regulator-approved overseer of futures trading, but participants must self-verify that they understand the risks before diving in.
