Key Takeaways
- Coinbase has launched nano BTC and ETH perpetual futures for US traders under CFTC regulation.
- Kraken also entered the US perps market earlier this month through Kraken Pro.
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Coinbase has officially launched perpetual-style futures contracts for US traders, marking the first time American retail investors can access these derivatives in a fully CFTC-regulated environment.
The wait is over – Perpetual futures have arrived in the U.S.
→ No monthly expirations
→ Trade with up to 10x leverage
→ Fees as low as 0.02%Now you can trade perpetual-style futures on Coinbase Financial Markets, a secure and CFTC-regulated platform. pic.twitter.com/627ZOPTTzG
— Coinbase Futures (@cbFutures) July 21, 2025
The contracts went live earlier today, with the initial offering including nano Bitcoin and nano Ether perpetual futures. Both products offer up to 10x intraday leverage, no monthly expiration dates, and trading fees as low as 0.02%.
Nano BTC and nano ETH are fractional perpetual futures contracts that let traders access Bitcoin and Ether exposure with lower capital, tailored for retail use and precise risk management.
Perpetual futures account for roughly 90% of global crypto derivatives volume, but until now, US access has been limited by regulatory barriers. Coinbase’s move follows a recent push across major platforms to bring these products onshore under CFTC oversight.
Earlier this month, Kraken quietly rolled out its own CFTC-regulated perpetuals via Kraken Pro, signaling rising demand from US traders long sidelined as platforms like Binance and Bybit dominated global perp markets.
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