Coinbase Advanced customers in eligible non-US jurisdictions can now trade perpetual futures
Starting today, Coinbase customers in eligible non-US jurisdictions can begin trading perpetual futures on Coinbase Advanced, a platform for sophisticated retail traders.
Coinbase Advanced customers can trade four perpetual contracts: BTC, ETH, LTC, and XRP. Contracts initially offer up to 5X leverage (XRP offers up to 3X leverage) and are settled in USDC. Coinbase plans to add even more contracts in the coming months.
The introductory fee rate is 0% (maker) and 0.03% (taker). Customers can access these contracts on advanced.coinbase.com, and Coinbase is working to offer mobile trading in the near future.
Coinbase Advanced customers can now access perpetual futures contracts offered by Coinbase International Exchange, which have been built within rigorous compliance standards.
Coinbase commented:
“We’ll continue to work with our retail advanced traders to evolve Coinbase Advanced into a more powerful and versatile trading platform – now a destination for both spot and derivatives trading, all from the most trusted name in crypto”.