Coinbase has ushered in a new era for digital asset enthusiasts. As of this week, the cryptocurrency exchange announced the launch of 24/7 Bitcoin and Ethereum futures trading, a move that promises to reshape the landscape of digital finance. This development comes hot on the heels of Coinbase’s strategic acquisition of Deribit, a leading options exchange, signaling its intent to dominate the derivatives market.
A New Dawn for Crypto Trading
In a bold move, Coinbase has thrown open the doors to round-the-clock trading on Bitcoin and Ethereum futures—an unprecedented step in the crypto world. This initiative is expected to provide traders with more flexibility and options, potentially leading to increased liquidity and market stability. “This is a game-changer,” says Jenna Carter, a blockchain analyst at Digital Finance Group. “Round-the-clock trading could set a new standard, aligning crypto markets more closely with global financial markets.”
The acquisition of Deribit, finalized last Thursday, is a strategic maneuver that expands Coinbase’s footprint in the derivatives sector. Deribit, known for its robust trading volumes and sophisticated options products, provides Coinbase with the tools and market reach it needs to cater to both institutional and retail investors. By integrating Deribit’s capabilities, Coinbase aims to enhance its service offerings and tap into the burgeoning demand for crypto derivatives. This follows Coinbase’s active engagement in regulatory matters, as seen in its involvement in the Supreme Court case regarding user data and the IRS.
Implications for the Market
The introduction of 24/7 trading on major cryptocurrencies like Bitcoin and Ethereum is expected to have far-reaching effects. For starters, it could mitigate the notorious price volatility that often accompanies weekend trading when traditional financial markets are closed. Traders will no longer have to brace for Monday morning surprises, as market corrections can now occur at any time.
Moreover, the move is likely to draw in a wider range of participants. Institutional investors, who have historically been wary of crypto’s volatility and trading hours, may find this new setup more palatable. “This is a step towards the maturation of the crypto market,” notes Alex Nguyen, a financial strategist at CryptoCortex. “We’re likely to see more hedge funds and asset managers dipping their toes in now that the playing field is more level.” This trend mirrors broader industry movements, such as Morgan Stanley’s exploration of crypto trading through E*Trade.
Historical Context and Market Trends
The crypto market has come a long way since the early days of Bitcoin trading on obscure online forums. Over the years, exchanges like Coinbase have sought to legitimize and expand the market by introducing features that mimic traditional finance. The shift towards 24/7 futures trading is the latest chapter in this ongoing evolution.
Historically, the crypto market has been characterized by extreme price swings and speculative trading. Yet, with the advent of more sophisticated financial instruments and increased regulatory scrutiny, the market is gradually shedding its Wild West image. The introduction of futures trading—particularly with the enhanced capabilities from Deribit—could further this trend, attracting a more diverse array of investors.
The Road Ahead
While the potential benefits of 24/7 trading are significant, some uncertainties remain. Will this move lead to increased market manipulation, or will it stabilize prices as intended? And how will traditional financial institutions respond to this shift in market dynamics? As with any major innovation, the full impact of Coinbase’s latest offering will unfold over time.
The crypto community is buzzing with anticipation. As traders adapt to this new reality, questions about regulatory implications and market behavior will likely dominate discussions in the months to come. For now, though, Coinbase seems to be betting that constant access to trading will appeal to a market that never sleeps.
In the evolving world of cryptocurrency, only time will tell whether this gamble pays off. But one thing’s for sure—by stepping into the derivatives arena with 24/7 access, Coinbase has made a statement: it’s here to lead, not follow.
Source
This article is based on: Coinbase 24-7 Bitcoin, Ethereum Futures Trading Goes Live
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
