Coinbase to launch CFTC-cleared perpetual futures trading, Bitcoin-backed credit card for US customers

Coinbase announced a Bitcoin-backed recognition paper and CFTC-compliant perpetual futures for US customers.

The speech made the revelation during its yearly State of Crypto Summit connected June 12.

Perpetual futures for US traders

Max Branzburg, caput of user and concern products, said Coinbase volition soon database perpetual futures contracts for home users nether the Commodity Futures Trading Commission (CFTC) oversight. 

The speech already offers futures cleared done a regulated venue for planetary users, and the caller products volition reflector offshore perpetuals portion remaining taxable to U.S. borderline and clearing rules.

Branzburg noted that derivatives correspond 75% of planetary crypto turnover and reported that Coinbase International Exchange handled $5 cardinal successful retail perpetual measurement successful May alone.

He said:

“We are not acceptable to fto crypto derivatives trading beryllium a non-U.S. phenomenon.” 

The Coinbase enforcement added that the motorboat volition springiness home traders entree to “the astir almighty crypto trading merchandise connected the market… connected the safest exchange.”

Coinbase One Card

The speech introduced the Coinbase One Card, issued by First Electronic Bank and cleared connected the American Express network. 

The paper volition motorboat successful the autumn of 2025 and connection up to 4% backmost successful Bitcoin (BTC) connected each purchase. Repayments tin beryllium drawn from linked slope accounts oregon crypto balances held connected the exchange, and the issuer volition complaint nary overseas transaction fees.

Only Coinbase One subscribers volition person the card. Membership costs $49.99 a twelvemonth and waives trading fees connected the archetypal $500 of monthly spot volume, raises USDC rewards to 4.5% connected the archetypal $10,000, boosts staking yields by 5% connected eligible assets, and covers $10 successful Base astute wallet state each month. 

Cardholders volition besides summation entree to American Express Experiences and retail offers. Coinbase said customers who support larger balances connected the level volition gain higher bitcoin rebates.

The station Coinbase to motorboat CFTC-cleared perpetual futures trading, Bitcoin-backed recognition paper for US customers appeared archetypal connected CryptoSlate.