Coinbase Brings Regulated Leveraging to Canada's Crypto Traders
Coinbase has launched Canada's first regulated leveraged Bitcoin contracts for retail traders. This marks a significant shift in the Canadian crypto market, providing domestic traders with access to standardized and transparent derivatives.
The new offering is part of Coinbase Financial Markets' (CFM) CFTC-registered arm, allowing eligible Canadian clients to trade 23 crypto futures contracts alongside commodity futures covering gold, silver, and oil. Introductory fees start at 0.02% per trade and $0.11 per contract.
The leverage cap is set at 10x, which while conservative compared to some offshore exchanges, should still be useful for experienced traders. The strategy behind the launch involves leveraging an international exemption to introduce CFTC-listed contracts to eligible Canadian users through its U.S.-regulated entity, CFM.