Coinbase is introducing perpetual contracts to the Base App through Hyperliquid, supporting leverage of up to 50x.

BlockBeats News, August 20th, Coinbase announced the introduction of perpetual contract trading into the Base App through Hyperliquid. Eligible users can trade over 290 perpetual contract markets, supporting up to 50x leverage, covering Bitcoin, Ethereum, and markets related to stocks and commodities.

Coinbase's Engineering Lead, Chintan Turakhia, stated that perpetual contracts currently account for about 75% of the total trading volume in the crypto market and are also the most requested feature by Base App's high-frequency users. The related transactions will be carried out within the Base App but executed by Hyperliquid, allowing users to stay within their existing wallets.

Coinbase mentioned that different assets have different maximum leverage ratios available, and positions may be liquidated when the loss exceeds a certain threshold. The product is currently not available to jurisdictions such as the United States, the United Kingdom, Canada, and other jurisdictions that restrict leveraged crypto derivatives trading.

This launch also reflects a shift in Base App's product focus from previously emphasizing social and creator features to trading, payments, and AI Agent. Base's founder, Jesse Pollak, previously acknowledged that social and creator tokens did not bring the expected user growth, while prediction markets, perpetual contracts, and stablecoins have emerged as stronger adoption drivers.