Key Takeaways
- Coinbase launches first CFTC-regulated bitcoin perpetual futures in the US on July 21, 2025.
- Regulatory clarity between the SEC and CFTC enables broader access to derivative products for US investors.
- The move aligns US markets with global bitcoin derivatives standards, enhancing transparency and investor participation.
Coinbase has announced the launch of CFTC-regulated perpetual futures for Bitcoin trading in the United States, starting July 21, 2025.
This marks the first time US traders will have access to such products under Commodity Futures Trading Commission (CFTC) oversight, aligning the domestic market with global standards where perpetual futures dominate derivatives volume.
Expanded access for US traders
Historically, US investors were restricted from trading perpetual futures due to regulatory barriers, despite these contracts accounting for about 90% of global bitcoin derivatives activity.
The introduction of these instruments on the Coinbase Financial Markets (CFM) platform signals a shift towards regulatory clarity and offers US traders enhanced portfolio diversification and risk management options.
regulatory clarity and industry impact
The launch coincides with recent regulatory changes, including the resolution of long-standing disputes between the SEC and CFTC over digital asset oversight.
With clearer rules in place, the market expects improved transparency and broader participation from both institutional and retail investors.
Coinbase Derivatives, a subsidiary of the exchange, is spearheading this initiative to provide a secure and regulated trading environment.
Perpetual futures explained
Perpetual futures allow traders to speculate on bitcoin’s price movements without expiration dates, offering greater liquidity and flexibility.
The availability of CFTC-regulated perpetuals is expected to enhance the overall trading experience and attract new participants to the US market.
Timing and future outlook
The launch aligns with the upcoming release of the first digital asset policy report from the White House Digital Asset Market Task Force, led by David Sacks.
This report, due July 22, 2025, is expected to provide further guidance for regulation and industry growth.
Coinbase’s move underscores the growing importance of regulated bitcoin derivatives in the US and signals increased mainstream acceptance of digital assets.
