Coinbase has launched 23 perpetual and dated crypto futures for eligible Canadian investors, with leverage of up to 10 times on supported contracts.
Summary
- Coinbase has opened 23 crypto futures markets to eligible sophisticated and institutional investors in Canada.
- The contracts cover Bitcoin, Ethereum, Solana, and 20 other digital assets.
- Traders can use nano-sized contracts and leverage of up to 10 times.
- Commodity and index futures linked to gold, silver, oil, and COIN50 are also available.
Coinbase said eligible Canadian clients can access the new contracts through Coinbase Financial Markets, its futures commission merchant registered with the U.S. Commodity Futures Trading Commission.
The selection includes perpetual futures, which do not have fixed expiry dates, and dated futures that settle at a specified time. Supported markets include Bitcoin, Ethereum, and Solana, along with 20 other digital assets.
By allowing both long and short positions, the contracts give eligible investors a way to trade in either direction without buying or selling the underlying cryptocurrencies. Investors can also use the products to hedge price exposure held elsewhere in their portfolios.
Access remains limited to sophisticated and institutional investors who meet Canadian eligibility rules. Coinbase is providing the contracts under an international exemption rather than opening them to Canadian retail customers.
Coinbase crypto futures offer up to 10x leverage
Coinbase has structured the contracts in nano sizes, lowering the amount of capital needed to open a position compared with standard futures. Traders can use leverage of up to 10 times, depending on the contract and applicable margin requirements.
With 10x leverage, a trader can control a position worth 10 times the capital posted as margin. Leverage also increases the effect of an adverse price move, and a position may be liquidated if the account no longer meets its required margin level.
Coinbase has introduced temporary pricing of 0.02% per trade plus $0.11 for each contract. The company did not state how long the introductory rate would remain available or disclose the standard pricing that would apply after the offer ends.
Perpetual contracts use recurring funding payments to keep their prices close to the underlying spot market. Dated futures instead expire according to a fixed schedule, allowing traders to choose a contract that matches a defined time horizon.
The Canadian offering carries less leverage than Coinbase’s recent rollout for professional clients in Britain. In August, the exchange introduced UK derivatives covering more than 170 assets, with up to 50x leverage on perpetuals and 20x on dated futures.
As crypto.news previously reported, the British service also includes crypto options and contracts tied to commodities, equities, and foreign exchange. Access is restricted to clients who meet professional-investor requirements under the exchange’s UK authorization.
Canadian investors gain commodity and index futures
Alongside the 23 crypto futures, Coinbase has added five commodity contracts linked to markets including gold, silver, and oil. Eligible investors can also trade index products such as COIN50, which tracks a basket of major digital assets.
The combined selection allows customers to manage several types of market exposure through one account. Rather than taking ownership of an asset, a futures trader enters a contract whose value moves with the referenced cryptocurrency, commodity, or index.
According to the Bank of Canada, about one-third of publicly listed Canadian non-financial companies use derivatives to hedge risks affecting their earnings. Corporate hedging commonly covers changes in commodity prices, interest rates and foreign exchange rates, although Coinbase’s new service targets investors who satisfy the platform’s derivatives eligibility requirements.
Coinbase said crypto derivatives generate about 4.4 times the worldwide volume recorded in spot markets. Despite that trading activity, the company said Canadian investors have had fewer regulated ways to access the products.
In the United States, Coinbase Financial Markets operates under a different regulatory route. The entity is registered with the CFTC as a futures commission merchant and belongs to the National Futures Association, placing its U.S. activity within federal derivatives rules.
Coinbase received CFTC clearance in May to connect eligible American customers with specified perpetual contracts treated as foreign futures under defined conditions. In June, the company said the structure would give U.S. clients regulated access to global perpetual liquidity through Deribit, the derivatives exchange it acquired for $2.9 billion.
The U.S. perpetual approval gave American traders a separate path to products that had largely remained on offshore platforms. Coinbase CEO Brian Armstrong said at the time that the company had spent years working toward the regulatory clearance.
Coinbase expands its derivatives infrastructure
Coinbase has been consolidating more of its institutional derivatives business around Deribit. The exchange agreed to acquire the platform in 2025, adding a major crypto options venue to its existing futures operations.
During the second quarter of 2026, Coinbase recorded $1.03 trillion in crypto derivatives trading volume, little changed from the preceding quarter. The company also said its derivatives market share reached a record and increased for a third consecutive quarter.
In August, Coinbase scheduled a Sept. 9 migration of institutional accounts from Coinbase International Exchange to Deribit. Participating clients were instructed to establish Deribit access, replace application programming interface connections, and close outstanding margin loans before the transfer.
The Deribit account migration is intended to place international perpetuals, dated futures, and options within the same institutional system. Coinbase said country restrictions and individual eligibility would continue to determine which products each client could access.
Coinbase adds more services in Canada
Coinbase Canada has operated as a restricted dealer since April 2024 and is seeking dealer registration with the Canadian Investment Regulatory Organization. The status would place its Canadian business under CIRO oversight while the company adds more regulated financial products.
Canadian clients are also receiving additional crypto services through Coinbase’s infrastructure partnerships. Webull Canada recently selected Coinbase Crypto-as-a-Service to add cryptocurrency trading and custody to its investment platform.
Under the expanded Webull partnership, Coinbase provides the underlying trading and custody infrastructure while Webull keeps the service within its existing application. The arrangement gives Webull Canada customers access to supported cryptocurrencies without requiring them to move to a separate exchange account.
Outside Canada, Coinbase began rolling out almost 4,000 U.S. stocks to eligible UK customers in August. The service supports fractional investments starting at £1, funding through pounds or USDC, and trading for 24 hours on five days each week.
Coinbase routes the UK equity orders through Coinbase Capital Markets Corporation for execution by Apex, while Apex Clearing holds the underlying shares. Fractional-share orders remain limited to regular U.S. trading hours even though eligible whole-share orders can be placed during extended sessions.
