Coinbase Unveils Derivatives Expansion in UK

Coinbase has expanded its services in the UK by launching derivatives products for professional investors. The new offerings include perpetuals, dated futures, and crypto options across more than 170 contracts.

The perpetual contracts offer up to 50x leverage, while dated futures provide settlement dates and leverage of up to 20x. Coinbase's derivatives cover a wide range of assets, including crypto, commodities, equities, and foreign exchange. However, options are limited to crypto assets only.

The launch follows Coinbase's MiFID license, which allows the company to offer derivatives contracts in the UK to clients who meet professional investor requirements. The expansion is part of Coinbase's 'Everything Exchange' strategy, which aims to provide users with access to multiple asset classes through one platform.