Coinbase Expands Derivatives with 24/7 Altcoin Futures
Coinbase Markets is set to launch round-the-clock futures trading for a range of major altcoins, responding to growing demand for non-stop market access in the crypto space. Starting December 5, futures for AVAX, Bitcoin Cash (BCH), ADA, Chainlink (LINK), Dogecoin (DOGE), Hedera (HBAR), Litecoin (LTC), Polkadot (DOT), SHIB, Stellar (XLM), and SUI will be available 24 hours a day, seven days a week.
This move builds on Coinbase's existing always-on markets for Bitcoin, Ethereum, Solana, and XRP, which already include standard and nano-sized contracts tailored for retail investors.
Introduction of U.S. Perpetual-Style Futures
In addition to the extended trading hours, Coinbase is developing U.S. perpetual-style futures for the same altcoins. These contracts are designed to mimic the structure of crypto-native perpetual swaps, using funding rates to align prices with spot markets, but they will settle on a five-year expiry instead of the indefinite format common in offshore exchanges.
Coinbase has been a pioneer in the U.S. derivatives market, launching 24/7 BTC and ETH futures in May and introducing long-dated futures in July, establishing itself as the first major American platform to offer these products under a regulated framework.
Shifting Liquidity from Offshore Markets
Currently, most liquidity for non-BTC/ETH futures is concentrated on offshore exchanges like Binance and Bybit. However, Coinbase's U.S.-based alternative, with enhanced institutional access and transparent regulations, could gradually attract order flow, especially amid volatile funding markets and increasing regulatory scrutiny of offshore activities.
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