Crypto Exchange Coinbase (COIN) begins to offer eternal style future contracts in the US on July 21 and will be one of the first regulated players to offer the globally popular product.
The new vehicle that is first available with Bitcoin
And ether, will act on Coinbase Derivatives Exchange, a CFTC-regulated place.
Unlike offshore evils that dominate global cryptoderiv markets but are not approved in the United States, Coinbase’s instruments are structured as long-term futures with five-year outlet. They incorporate a financing speed mechanism that accrues hourly and run twice daily to emulate the price dynamics of eternal swaps. Trade will be available 24/7 and settlements will be handled through regulated clearing.
Separately, Coinbase CEO Brian Armstrong said the company also accumulates Bitcoin regularly as an investment.
“We buy more Bitcoin every week. Long Bitcoin,” Armstrong said in a Thursday X post in response to David Bailey, CEO of Bitcoin Treasury company Nakamoto Holdings.
This comes after Coinbase CFO Alesia Haas revealed in the first quarter of 2025 earnings call that the company bought $ 150 million in crypto, predominantly Bitcoin. Coinbase owns 9,257 BTC worth nearly $ 1 billion on its company balance and is one of the top 10 listed holders of the asset, according to the latest data prepared by Bitcointreasuries.net.
Read more: Coinbase comes in full circle, hovering at the highest price since 2021 NASDAQ -debut
