Coinbase Derivatives has just introduced 24/7 futures trading for Bitcoin and Ethereum. This milestone positions it as the first exchange regulated by the CFTC to offer leveraged futures contracts continuously, even on weekends.

To ensure ecosystem performance and reliability, the firm has partnered with various companies. Although Coinbase plans to introduce perpetual futures contracts for BTC and ETH soon, this feature is not yet available.

Coinbase's move towards expanding into the crypto derivatives market was made evident recently with the acquisition of Deribit, the largest crypto derivatives exchange in the world, for $2.9 billion. Despite a disappointing Q1 earnings report, Coinbase is eyeing Q2 opportunities in the growing futures market. Today, Coinbase officially launched 24/7 trading for Bitcoin and Ethereum futures for US traders. The firm aims to mirror the continuous nature of crypto trading with this round-the-clock service. Coinbase Financial Markets' CEO, Andy Sears, expressed excitement about offering CFTC-regulated markets non-stop, empowering customers with flexible trading options.

Highlighting their CFTC-regulated status, Coinbase emphasized the significance of being able to provide XRP futures offerings with the Commission's approval. This achievement marks a significant milestone for the exchange given its past regulatory challenges.

While Coinbase's press release on the 24/7 trading lacked specific details, it appears to be a straightforward process. As derivatives trading was already available on the platform, users now have enhanced access to trading opportunities.

The goal for Coinbase is to introduce BTC/ETH perpetual futures contracts in the future, as the current offering does not include them. The firm has enlisted the support of partnering companies such as Nodal Clear, Virtu Financial, and two Futures Commission Merchants to handle the increased volume of crypto futures trading and maintain performance and reliability round-the-clock.

With its substantial resources, Coinbase is expected to successfully pursue its ambitious plans for market expansion.