- Coinbase has expanded its crypto futures offerings by launching 24/7 trading for XRP, Solana (SOL), and Hyperliquid (HYPE), along with new contracts for several top altcoins.
- Coinbase also announced a $2.9 billion acquisition of Deribit to strengthen its position in the global crypto derivatives market.
Coinbase Ups the Ante with 24/7 Futures Access
Coinbase is charging ahead in the crypto derivatives space with a bold expansion of its futures offerings. Beginning June 13, 2025, traders will gain 24/7 access to XRP and Solana (SOL) futures contracts—an industry-first for a CFTC-regulated U.S. exchange. Meanwhile, Hyperliquid (HYPE) perpetual contracts are set to go live even sooner, launching on June 5.
This update brings round-the-clock trading to some of the most in-demand altcoins, following the exchange’s recent move to enable 24/7 Bitcoin and Ethereum futures. Coinbase will offer the contracts on both Coinbase Advanced and Coinbase International Exchange, providing up to 20x leverage and settlement options in either U.S. dollars or USDC—giving traders ultimate flexibility.
Expanding the Derivatives Arsenal with Top Altcoins
Coinbase isn’t stopping at XRP, SOL, and HYPE. The exchange has also rolled out futures contracts for other major altcoins like Cardano (ADA), Hedera (HBAR), Chainlink (LINK), and Binance Coin (BNB). This wide-ranging update caters to the growing demand from retail and institutional traders looking for leveraged exposure and more dynamic portfolio strategies.
Additionally, perpetual futures contracts for Bitcoin and Ethereum are being introduced to U.S. users. These instruments, which never expire, are tailor-made for high-frequency traders and long-term holders who want to maintain open positions with ongoing margin maintenance.
Deribit Acquisition: A $2.9B Bet on the Future of Crypto Derivatives
In a headline-grabbing move, Coinbase has inked a $2.9 billion deal to acquire Deribit—one of the largest and most respected crypto options trading platforms globally. The acquisition signals Coinbase’s aggressive push into the derivatives sector, especially as options trading gains traction alongside futures.
Deribit brings deep liquidity, institutional-grade infrastructure, and a global footprint to Coinbase’s portfolio, paving the way for more robust product offerings and international growth. According to Coinbase, the acquisition will enhance its product innovation pipeline and strengthen its reach in regulatory-friendly jurisdictions.
Setting the Pace for the Next Phase of Crypto Trading
Coinbase’s expansion into 24/7 futures trading and the acquisition of Deribit marks a significant shift in its strategy to dominate the crypto derivatives market. As traders demand more sophisticated tools and seamless access to markets, Coinbase is positioning itself as a leader in the next frontier of digital asset finance.
