Coinbase will launch US perpetual futures products on July 21st

According to Golden Finance, Coinbase Derivatives announced that it will launch its US Perpetual Style Futures product on July 21st, which is one of the first such products in the United States. This product will comply with CFTC regulatory requirements and provide a leveraged trading experience closely tracked with spot prices. The first batch of contracts to be launched includes Nano Bitcoin perpetual futures (0.01 BTC) and Nano Ethereum perpetual futures (0.10 ETH). These products adopt a funding rate mechanism to keep futures prices consistent with the spot market, and offer 24/7 trading and long-term contract designs with a 5-year maturity.