Coinbase Launches 23 Crypto Futures Markets in Canada

Coinbase has launched 23 crypto futures markets in Canada for eligible sophisticated and institutional investors. The contracts cover Bitcoin, Ethereum, Solana, and 20 other digital assets. Traders can use nano-sized contracts with leverage of up to 10 times on supported contracts.

Eligible Canadian clients can access the new contracts through Coinbase Financial Markets, its futures commission merchant registered with the U.S. Commodity Futures Trading Commission. The selection includes perpetual futures, which do not have fixed expiry dates, and dated futures that settle at a specified time.

Coinbase said eligible investors can use both long and short positions to trade in either direction without buying or selling the underlying cryptocurrencies. This feature allows investors to hedge price exposure held elsewhere in their portfolios.