Coinbase Brings Regulated Crypto Derivatives Trading to Canada

Coinbase has launched regulated crypto derivatives trading in Canada, giving eligible users access to perpetual and dated futures tied to Bitcoin (BTC), Ether (ETH), Solana (SOL) and other assets.

The products are offered through Coinbase Financial Markets, a futures commission merchant registered with the US Commodity Futures Trading Commission, which operates in Canada under foreign dealer and futures commission merchant exemptions.

Coinbase said it is the first major crypto-native platform to offer direct native crypto futures in Canada, with access limited to eligible Canadian customers including those with at least $5 million in net financial assets or registered investment advisers and dealers.

The contracts use nano-sized positions and offer leverage of up to 10x. The company said it offers 23 crypto perpetual and dated futures, five commodity futures, and the Coinbase 50 Index.