Coinbase Brings Regulated Crypto Derivatives to Canadian Market
Coinbase has launched crypto derivatives trading in Canada, providing eligible users access to perpetual and dated futures tied to various assets. The company's offerings include 23 crypto perpetual and dated futures, five commodity futures, and the Coinbase 50 Index. These products are available through Coinbase Financial Markets, a futures commission merchant registered with the US Commodity Futures Trading Commission.
The launch marks the first major crypto-native platform to offer direct native crypto futures in Canada. Eligible customers must have at least $5 million in net financial assets or be registered investment advisers and dealers. The contracts use nano-sized positions and offer leverage of up to 10x.
This move comes as US trading platforms expand their presence in Canada, with Webull recently expanding crypto trading to Canadian customers using Coinbase's infrastructure for trading and custody. Robinhood also entered the Canadian market after acquiring local crypto company WonderFi in June.