Coinbase Launches Crypto Futures Trading in Europe, Supports Up to 10x Leverage

BlockBeats News, March 9th, Coinbase announced the official launch of futures trading services in Europe, allowing European traders to access regulated crypto derivative products on the platform for the first time. The service is currently gradually opening to users in 26 European countries, including Germany, France, the Netherlands, etc., through its MiFID entity, and is available on the Coinbase Advanced platform.

According to the official announcement, the newly launched products include cryptocurrency futures, stock index futures, and "perpetual-style" futures. The perpetual-style futures are long-term futures contracts with a 5-year maturity, maintaining price pegging to the underlying asset through an hourly funding rate mechanism and settling daily; while fixed-term contracts have monthly or quarterly expiration dates and are marked to market daily based on the official settlement price.

In terms of trading conditions, some contracts (such as Bitcoin, Ethereum, and some stock index products) support leverage of up to 10x, while leverage for other products ranges from 4 to 5x, with a minimum trading fee of 0.02% per contract. Users need to undergo qualification review and KYC, and can trade after depositing in Euros or USD Coin.