Coinbase is taking a leading role in the growing field of crypto derivatives, offering innovative solutions for both institutional and retail traders globally. By introducing CFTC-regulated futures contracts for Solana (SOL) and Hedera (HBAR), Coinbase is advancing the development of regulated crypto futures in the U.S.
Through initiatives like Coinbase Derivatives, LLC, Coinbase Financial Markets, Inc., and Coinbase International Exchange, LLC, the company is bridging the gap between traditional finance and the expanding crypto market. These new offerings aim to provide accessible, compliant, and forward-thinking trading solutions for market participants navigating the evolving digital asset landscape.
CFTC-Regulated Solana and Hedera Futures Contracts
Coinbase has announced that Coinbase Derivatives, LLC (CDE) has received self-certification from the U.S. Commodity Futures Trading Commission (CFTC) to offer Solana (SOL) and Hedera (HBAR) futures contracts. This milestone represents a significant step forward in the regulatory evolution of crypto derivatives, reinforcing the growing legitimacy and demand for digital assets in the United States.
CDE now offers 19 futures contracts, including popular assets like Bitcoin, Ether, Dogecoin, and Stellar. Both Solana and Hedera stand out as leading blockchain networks, offering unique advantages that attract both institutional and retail traders. Solana is known for its high-speed transactions and low fees, making it ideal for decentralized applications. Hedera, leveraging alternative blockchain technology, delivers security, scalability, and efficiency, making it a powerful enterprise-grade network.
The new futures contracts will be available with trader-friendly specifications:
Solana Futures (SLC): 100 SOL per contract
Nano Solana Futures (SOL): 5 SOL per contract
Hedera Futures (HED): 5000 HBAR per contract
Details on the exact availability of these futures contracts on partner platforms will be shared soon.
Regulated Crypto Futures for Institutional Clients
In August 2023, Coinbase Financial Markets, Inc. (CFM) gained approval from the National Futures Association (NFA) to operate as a Futures Commission Merchant (FCM). Since its inception, CFM has given thousands of retail investors access to regulated futures, covering both crypto and traditional commodities contracts.
Now, Coinbase is expanding its offerings to include institutional clients, allowing them to access futures trading via CFM. This move enables institutions to effectively manage crypto risk and exposure using advanced trading strategies. The expansion of regulated futures through a crypto-native FCM sets a new standard for institutional trust in the crypto derivatives market and creates a bridge with traditional finance.
EURC-USDC Perpetual Futures: A New Era for Crypto-Native FX Trading
Coinbase is also launching EURC perpetual futures on Coinbase International Exchange, marking a significant development in the world of crypto-native foreign exchange (FX). These EURC-USDC futures provide traders with 24/7 access to Euro price exposure, offering an alternative to traditional FX markets that have historically been limited to financial institutions.
The EURC perpetual futures contract provides:
Up to 20x leverage for enhanced capital efficiency
Instant settlement and continuous Euro price exposure, with no need to roll contracts as they do not expire
These futures represent a major step toward decentralizing global finance and unlocking new value in the crypto space. Non-U.S. institutions can trade EURC-PERP on Coinbase International Exchange, while eligible non-U.S. retail investors can trade on Coinbase Advanced.
Through these innovative offerings, Coinbase is continuing to shape the future of crypto derivatives and providing traders with more opportunities to access regulated, compliant, and efficient trading tools.
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