Coinbase Sets December Launch for 24/7 Altcoin Futures and U.S. Perpetual-Style Contracts

The derivatives push uses approved FCM partners to bring regulated access to retail as well as institutional traders.

Overview

Round-the-clock trading for monthly futures on 11 altcoins begins December 5, covering assets such as Shiba Inu, Avalanche, Cardano, Dogecoin, Chainlink, and Bitcoin Cash.
U.S. perpetual-style futures for the same basket start December 12, using funding rates to track spot and settling on a five-year timeline, according to Coinbase.
The products are offered through Coinbase Derivatives with order flow routed via approved futures commission merchants listed by the company.
Coinbase says both retail and institutional clients will be eligible, with reporting indicating up to 10x leverage on the new altcoin contracts.
The expansion comes during a market pullback led by Bitcoin that has increased demand for hedging tools, aligning with Coinbase’s broader derivatives strategy following the Deribit acquisition.