- The launch of Solana and Hedera futures at Coinbase allows the platform to extend its regulated derivatives services toward different types of crypto traders.
- The platform brings EURC-USDC perpetual futures with a maximum leverage of 20x to enable traders efficient access to Euro price movements.
- The partnership between Coinbase and the CFTC enables the exchange to expand institutional access which enhances its position in the U.S. crypto derivatives market.
Coinbase expanded its derivatives service by introducing futures contracts that allow trading Solana (SOL) and Hedera (HBAR). Through this expansion, the company secures stronger market dominance within the digital asset futures sector.
The newly launched Solana Futures are available in two formats: standard contracts containing 100 SOL and nano contracts with 5 SOL per contract. Hedera Futures will feature 5,000 HBAR per contract. These products aim to serve a diverse range of traders by providing varying contract sizes for strategic trading.
Coinbase Expands Futures Market
Coinbase enriches its futures market variety by introducing these new contracts while bringing the total number to 19 available options. The exchange currently supports trading futures of Bitcoin, Ethereum, and Dogecoin. Solana and Hedera contracts enable users to increase their options when accessing alternative cryptocurrency assets through trading platforms.
Coinbase is also launching perpetual futures for EURC-USDC on its International Exchange. These contracts allow traders to gain Euro price exposure with up to 20x leverage. The feature enhances capital efficiency, offering flexible trading opportunities for global market participants.
Regulatory Approvals and Institutional Access
Coinbase has secured regulatory approvals from the U.S. Commodity Futures Trading Commission (CFTC) to offer these futures contracts. The regulatory backing enables the company to provide institutional-grade crypto derivatives products in a compliant manner.
Coinbase Financial Markets, its fully regulated Futures Commission Merchant, will offer institutional clients the necessary tools to manage digital asset exposure effectively. The expansion into Solana and Hedera futures aligns with Coinbase’s strategy to cater to institutional and retail investors.
Strengthening the U.S. Crypto Derivatives Market
Coinbase Derivatives LLC expands its regulated futures contracts with the addition of Solana and Hedera derivatives. Under this move, the platform continues to attract additional institutional-grade products to the U.S. futures market thus establishing its position as a force in the crypto derivatives sector.
The innovative product introduction allows Coinbase to expand its trading options and meet regulatory obligations. Traders can access a broader set of strategic trading possibilities for digital assets through the availability of more futures contracts.
