Coinbase Launches Regulated Crypto Futures for Canadians
Coinbase opens CFTC-regulated futures trading for eligible Canadian users, covering 23 crypto assets, commodities and indices.
Coinbase Financial Markets opened perpetual and dated futures trading for eligible Canadian users. The contracts are offered under a CFTC-registered futures commission merchant and include nano-sized products with leverage up to 10 times.
Eric Richmond, Country Director and CEO of Coinbase Canada, stated that the launch ends Canadian traders' reliance on unregulated offshore platforms.
Products and oversight
The offering covers 23 crypto futures including BTC, ETH and SOL, five commodity futures on gold, silver and oil, and COIN50 index futures. Promotional fees apply for a limited period.
Coinbase also expanded its Webull partnership to allow Canadian spot trading of BTC, ETH and SOL.
Remaining details
The precise launch date beyond the Tuesday announcement and the full list of the 23 crypto underlyings remain undisclosed.