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Coinbase has launched 23 regulated perpetual and dated futures contracts for eligible Canadian clients, including contracts tied to Bitcoin, Ether, and Solana.
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The exchange also offers commodity and index futures, nano-sized contracts, and leverage of up to 10 times through Coinbase Financial Markets.
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Coinbase Canada CEO Eric Richmond said the rollout advances the company‘s “Everything Exchange” vision, with broader access dependent on regulatory approval.
Coinbase has launched regulated crypto derivatives for eligible Canadian investors, expanding its local offering beyond spot trading as it pursues its ambition to become an “Everything Exchange.”
The new product suite gives permitted clients access to 23 perpetual and dated futures contracts, including products tied to Bitcoin (BTC), Ether (ETH), and Solana (SOL). Coinbase is also offering five commodity futures covering assets such as gold, silver, and oil, as well as index products, including COIN50 futures.
The contracts are offered through Coinbase Financial Markets (CFM), a futures commission merchant registered with the US Commodity Futures Trading Commission and an NFA member. In Canada, the offering is initially available to permitted clients under an international dealer exemption.
Coinbase Canada CEO and Country Director Eric Richmond said the launch brings products that Canadian traders have historically accessed through offshore or unregulated platforms onto a regulated venue.
Coinbase Targets Canada’s Derivatives Gap
Crypto derivatives represent a significantly larger market than spot trading, with global derivatives volume estimated at roughly 4.4 times that of spot trading. Despite that demand, Canadian investors have had limited access to regulated crypto futures platforms.
“Canadian traders have wanted regulated derivatives for a long time,” Richmond told CCN, adding that much of the activity had previously occurred through offshore or unregulated channels.
The exchange is targeting sophisticated traders and institutions that use derivatives to hedge risk, manage exposure, or speculate on market direction
According to the Bank of Canada, around one-third of publicly listed Canadian non-financial corporations use derivatives to hedge against financial risks.
Richmond said interest in crypto derivatives has grown alongside wider adoption of onchain and tokenized financial products. Bringing the contracts onshore, he argued, allows eligible investors to express market views without turning to overseas platforms.
Source: finance.yahoo.com