Coinbase Unleashes Perpetual Futures Trading on Base App with Up to 50x Leverage

Coinbase is expanding its Base App with perpetual futures trading through Hyperliquid. The new feature allows eligible users to trade with leverage of up to 50x on more than 290 markets, including Bitcoin and Ethereum.

The integration follows a shift in the app's focus towards trading, payments, and AI agents, after an earlier emphasis on social features that did not drive adoption as expected. 'Perps are where the volume is, roughly 75% of all crypto trading today is perps, not spot,' said Coinbase Head of Engineering Chintan Turakhia.

The perpetual futures product is not available in jurisdictions that restrict leveraged crypto derivatives, including the U.S., UK, and Canada. The move adds to a growing list of trading products inside Base App and reflects the app's refocusing on trading tools after a failed push into social features.