Coinbase Brings Perpetual Futures Trading to Base App
Coinbase has made a significant move in the cryptocurrency market by introducing perpetual futures trading for its Base App users. This integration allows eligible users to access over 290 perpetual futures markets through the app, including cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as stock and commodity markets.
The new system uses Hyperliquid's on-chain transaction infrastructure and liquidity without requiring users to leave their existing wallets. According to Coinbase, this move allows users to leverage Hyperliquid's features and perform leveraged perpetual trading within the Base App.
Speaking about the integration, Coinbase Head of Engineering Chintan Turakhia stated that perpetual futures account for approximately 75 percent of trading volume in the crypto market. This feature has been one of the most requested by active users of the Base App, and it is now available to eligible users.