Can You Trade Perpetual Futures on Coinbase and What You Need to Know

Coinbase is a popular platform for buying, selling, and trading cryptocurrencies, but can you trade perpetual futures on Coinbase? The answer is yes, but with some limitations.

Perpetual futures contracts on Coinbase are available for Bitcoin, Ethereum, and other select cryptocurrencies.

To trade perpetual futures on Coinbase, you'll need to have a Coinbase Pro account, which offers more advanced trading features.

Coinbase Pro requires a minimum account balance and trading experience to access these features.

A unique perspective: Perpetual Futures

Perpetual futures are a type of trading that allows you to trade cryptocurrencies with leverage, giving you increased capital efficiency and access to the market with less upfront investment.

You can use USDC to place bids on contracts across four cryptocurrencies: bitcoin, ether, litecoin, and XRP. Most contracts offer up to 5X leverage, but XRP is an exception, allowing a maximum of 3X leverage.

This type of trading also enables you to go long and short, which means you can use derivatives to manage risk on your underlying crypto assets. The ability to trade using margin gives you more flexibility and control over your trades.

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To trade perpetual futures on Coinbase, you'll need to use the Coinbase Advanced webpage, at least for now. However, the company plans to soon offer mobile trading, making it even more accessible to traders worldwide.

Here are the four cryptocurrencies you can trade perpetual futures on Coinbase:

You can trade perpetual futures on Coinbase, specifically on the Coinbase Advanced platform, which offers this service to non-US customers.

The platform currently supports four cryptocurrencies: Bitcoin, Ether, Litecoin, and XRP. Traders can use USDC as their currency of choice to place bids on these contracts.

Each contract offers up to 5X leverage, except for XRP, which has a maximum leverage of 3X. For now, perpetual futures trading is only available on the Coinbase Advanced webpage, but mobile trading options are expected to be introduced soon.

Here are the four contracts available for trading on Coinbase Advanced:

Availability is not a problem for traders outside of the US, as Coinbase Advanced offers perpetual futures trading for non-US customers.

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You can place bids on four different contracts, including bitcoin, ether, litecoin, and XRP, using USDC as your currency of choice.

At launch, each of these contracts will offer up to 5X leverage, with the exception of XRP, which will offer up to 3X leverage.

Perpetual futures trading will initially only be accessible through the Coinbase Advanced webpage, but mobile trading options will be introduced in the near future.

Coinbase has stated that its perpetual futures exchange is adequately funded through its Insurance Fund and Liquidity Support Program, both of which are funded in USDC.

For now, traders will need to access perpetual futures trading through the Coinbase Advanced webpage, but this will soon change with the introduction of mobile trading options.

The exchange assures its investors that it does not engage in market making, and liquidity on its platforms is provided by established and independent liquidity providers who have undergone thorough compliance evaluations.

Here are the contracts available for perpetual futures trading:

Trading perpetual futures on Coinbase offers several benefits.

You can trade with leverage, which allows you to control larger positions with a smaller amount of capital.

This can be especially useful for traders who want to maximize their potential gains.

Perpetual futures contracts have no expiration date, allowing you to hold positions for as long as you want.

This can be beneficial for traders who want to take a long-term view of the market.

With Coinbase, you can access a wide range of perpetual futures contracts, including popular cryptocurrencies like Bitcoin and Ethereum.

This gives you the flexibility to trade a variety of assets and diversify your portfolio.

The fees for trading perpetual futures on Coinbase are competitive, with a maker fee of 0.50% and a taker fee of 0.50%.

These fees are in line with industry standards and can help you save money on your trades.

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Trading perpetual futures on Coinbase comes with some risks, and it's essential to understand them before diving in.

Margin calls can occur if your account balance falls below the required margin, forcing you to deposit more funds or close positions.

Perpetual futures are subject to market volatility, which means prices can fluctuate rapidly and unpredictably.

If you're not careful, you could end up with significant losses due to a single bad trade.

The leverage offered by perpetual futures can amplify both gains and losses, making it crucial to manage your risk exposure carefully.

If you're new to trading, it's easy to get caught up in the excitement of making quick profits, but it's essential to set realistic expectations and stick to your strategy.

Over-leveraging can lead to significant losses, so it's vital to keep a close eye on your account balance and adjust your leverage accordingly.

The risk of liquidation is also a concern, particularly if you're not familiar with the trading platform or the underlying asset.

As a trader, it's essential to understand the risks involved and take steps to mitigate them, such as setting stop-loss orders and diversifying your portfolio.

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Coinbase Advanced offers a range of features and tools for trading perpetual futures.

You can use the USDC coin to place stakes on contracts across four cryptocurrencies: bitcoin, ether, litecoin, and XRP.

Most contracts on the platform provide up to 5X leverage, but the XRP contract is an exception, allowing a maximum of 3X leverage.

The trading model is currently only available on the Coinbase Advanced webpage, but a mobile trading feature is reportedly in the works.

Coinbase Advanced offers perpetual futures trading for customers in eligible jurisdictions outside of the United States. Traders can use USDC to place bids on four different contracts, including bitcoin, ether, litecoin, and XRP.

Each of these contracts offers up to 5X leverage, with the exception of XRP, which provides up to 3X leverage. This means traders can increase their potential gains by five times for most contracts, but only three times for XRP.

The ability to use margin gives traders increased capital efficiency and access to the crypto market with less upfront investment. This is a key benefit of perpetual futures trading, allowing traders to manage risk on their underlying crypto assets.

For now, perpetual futures trading is only available on the Coinbase Advanced webpage, but mobile trading is expected to be introduced soon. This will make the platform even more accessible to tech-savvy traders worldwide.

Here are the four cryptocurrencies available for perpetual futures trading on Coinbase Advanced: