Coinbase Launches 24/7 Altcoin Futures, Including Shiba Inu and AVAX

TLDR

• Coinbase Derivatives will launch 24/7 futures trading for major altcoins starting December 5.
• The new altcoin futures include assets like Shiba Inu, Avalanche, Bitcoin Cash, and Cardano.
• Perpetual-style futures for altcoins will also be introduced on December 12.
• Coinbase will offer up to 10x leverage on its new altcoin futures contracts.
• The new 24/7 trading option aims to meet the growing demand for continuous access to the crypto market.

Coinbase Derivatives will expand its 24/7 futures trading to include major altcoins starting December 5. This move introduces continuous trading beyond Bitcoin and Ethereum for U.S. traders. The expansion includes altcoins such as Shiba Inu, Avalanche, and Dogecoin, offering more trading opportunities.

New Altcoin Futures Launch on December 5

Starting December 5, Coinbase Derivatives will offer 24/7 trading for altcoin futures. This includes top assets such as Shiba Inu ($SHIB), Avalanche ($AVAX), Bitcoin Cash ($BCH), and Cardano ($ADA). Other altcoins, such as Chainlink, Dogecoin, and Hedera, will also be part of this update.

This change meets growing market demand for continuous trading. According to Coinbase, the new futures contracts will be available to both retail and institutional traders. “This expansion is a response to the increasing demand for altcoin trading options,” said Coinbase Markets.

The 24/7 trading will cover monthly futures for these altcoins. These contracts will allow traders to buy and sell without time restrictions. This flexibility is expected to improve portfolio management for active traders.

Coinbase Derivatives to Launch Perpetual Futures for Altcoins

In addition to the monthly futures, Coinbase Derivatives will launch new perpetual-style futures for altcoins. These products will go live on December 12 for assets like Polkadot, Litecoin, and Stellar. Perpetual futures have a unique structure, with a lifespan of five years.

Perpetual futures are different from traditional contracts, which don’t expire. Coinbase’s design aims to give traders more risk management options. “This new structure gives traders a long-term view while still offering short-term flexibility,” explained a Coinbase spokesperson.

The perpetual futures will be available to U.S. traders through Coinbase’s FCM partners. This access aims to increase liquidity in the altcoin market. With up to 10x leverage, traders can amplify their positions and manage risks more effectively.

Coinbase Derivatives already offers 24/7 trading for Bitcoin, Ethereum, Solana, and XRP futures. The addition of altcoins will further expand the platform’s offerings. Coinbase’s ongoing developments reflect its commitment to providing more robust trading tools for cryptocurrency traders.

A Growing Trend in the Crypto Market

The launch of altcoin futures is part of Coinbase’s broader strategy to expand its derivatives offerings. The platform is following up on its successful acquisition of Deribit, which enhanced its derivatives capabilities. This move aligns with the growing demand for regulated crypto products.

Coinbase’s expanded offerings are likely to attract both experienced traders and new market participants. As crypto markets operate around the clock, the ability to trade continuously is critical. Coinbase Derivatives aims to meet this demand by offering 24/7 trading on major altcoins starting December 5.

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