Coinbase Institutional has announced that futures contracts for XRP, Solana (SOL), and Cardano (ADA) will now be tradable 24/7, expanding beyond the previous round-the-clock availability for Bitcoin (BTC) and Ethereum (ETH) futures. This expansion reflects Coinbase’s strategy to deepen its offerings in crypto derivatives and meet the continuous trading demands of digital asset markets.
Starting June 13, 2025, XRP and SOL futures will be available for 24/7 trading, while new perpetual contracts for Hyperliquid (HYPE) will launch on June 5. Perpetual futures for BTC and ETH are also being introduced, allowing traders to maintain open positions indefinitely subject to margin requirements.
The new contracts will be accessible through Coinbase Advanced and Coinbase International Exchange platforms, with up to 20x leverage and settlement options in either U.S. dollars or USDC stablecoin. Additionally, Coinbase has launched futures contracts for other top altcoins including Cardano (ADA), Hedera (HBAR), Chainlink (LNK), and Binance Coin (BNB), expanding trading opportunities.
Coinbase reinforces its derivatives ambitions by signing a $2.9 billion deal to acquire Deribit, a leading crypto options trading platform known for institutional-grade liquidity and infrastructure. This acquisition aims to enhance Coinbase’s product development capabilities and international expansion in jurisdictions favorable to derivatives trading.
Coinbase’s moves position the exchange as the first CFTC-regulated U.S. platform to offer 24/7 crypto futures and mark a considerable push into the rapidly evolving crypto derivatives market, targeting both retail and institutional traders seeking flexible, leveraged, and innovative trading instruments.