Subscribe to Bankless or sign in
Coinbase has launched CFTC‑regulated nano 
Bitcoin (0.01 BTC) and nano Ether (0.10 ETH) perpetual‑style futures, offering U.S. traders a homegrown alternative to offshore perpetual swaps.
What’s the Scoop?
- First onshore perps: The debut marks the first U.S. perpetual-style crypto derivatives, filling a gap in regulated services for retail and institutional traders.
- Contract mechanics: Trades run 24/7 over five-year terms, mimic spot-market pricing via hourly funding rates, and support up to 10× leverage. Coinbase emphasizes that these products reduce offshore counterparty and custody risks while offering capital-efficient trading.
- Retail access & pricing: Taker fees begin at 0.02%, catering to smaller retail accounts with fractional exposures.
- Competitive landscape: The move follows Kraken’s recent U.S. roll-out of perps, intensifying regulated derivatives competition—and boosted Coinbase equity sentiment.
