Coinbase announced that it is making futures trading available to Coinbase Advanced users across 26 European nations through its MiFID entity.
The rollout includes products such as Mag7 + Crypto Equity Index Futures and perpetual-style contracts with 5-year expiries.
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Why it matters:
- Coinbase ranks among the top cryptocurrency platforms globally, listing nearly 380 digital assets across more than 500 trading pairs.
- With this move, European traders gain an alternative to unregulated derivatives platforms.
- Retail access to regulated crypto derivatives expands, potentially shifting volume away from non-compliant venues.
The details:
- Coinbase confirmed the launch covers Germany, France, and the Netherlands among 26 countries.
- Depending on the contract, traders can use leverage ranging from 4x to 10x, with the higher end available on major products like Bitcoin, Ethereum, and equity index contracts.
- Trading fees will be as low as 0.02% per contract, making derivatives trading more accessible.
- Products include a variety of crypto contracts, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) futures.
- Traders can also access equity-index contracts and Mag7 + Crypto Equity Index Futures.
- Coinbase offers two types of cash-settled futures. Perpetual-style contracts have 5-year expiries, with hourly funding and daily settlement.
- Dated contracts with fixed monthly or quarterly expiries that are marked to market daily and cash-settled at expiry.
The big picture:
- Coinbase frames the launch as a step toward the firm’s vision to be an all-in-one financial platform, an “everything exchange.”
- The firm said it is looking forward to rolling out additional products and services as the regulatory clarity across Europe and beyond continues to develop.
- In January, the exchange launched prediction market trading for US users.
