Coinbase Global said it will launch CFTC-cleared perpetual futures for U.S. customers later this year, a move unveiled at its State of Crypto Summit on 12 June. The exchange already offers the instruments offshore and handled about $5 billion of retail perpetual volume in May, but executives said domestic access is vital because derivatives account for roughly 75% of global crypto trading.
On 18 June, the company’s Coinbase Derivatives unit deepened the push by partnering with clearinghouse Nodal Clear to allow the USDC stablecoin to be posted as collateral in U.S. futures markets, starting in 2026 pending CFTC approval. Coinbase Custody Trust will hold the funds, marking the first time a dollar-backed stablecoin is slated to serve as collateral for regulated U.S. futures and potentially lowering margin costs for both institutional and retail traders.
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