PANews reported on May 9 that according to its official blog, the crypto exchange Coinbase announced that it has become the first compliant platform approved by the CFTC to provide 24/7 Bitcoin and Ethereum futures trading. The service was officially launched on May 9. This innovation breaks the trading hours restrictions of the traditional derivatives market, and investors can trade contracts at any time (including weekends). The announcement revealed that perpetual contract products are also being prepared, which will provide regulated perpetual contract services to US retail investors for the first time.
The service is supported by Nodal Clear, with market makers such as Virtu Financial guaranteeing liquidity, and distributed through broker channels such as ABN AMRO and Wedbush Securities. Coinbase Financial Markets CEO Andy Sears said that this change enables investors to manage risks at any time through the Coinbase Advanced platform.
