币界网报道：Coinbase has officially launched its perpetual futures trading platform on July 21, expanding its derivatives offerings to institutional and retail investors. The new product allows traders to speculate on crypto price movements without expiration dates, with initial support for Bitcoin (BTC) and Ethereum (ETH) pairs. The exchange plans to gradually add more assets based on market demand. This move positions Coinbase to compete directly with derivatives-focused exchanges like Binance and Bybit, which dominate the crypto perpetual futures market. The launch follows Coinbase's recent regulatory approvals, including a Bermuda license enabling international derivatives trading. The platform features up to 5x leverage for retail users and higher limits for institutional clients, along with risk management tools. Coinbase emphasized its commitment to compliance, implementing strict KYC procedures and geographical restrictions in line with U.S. regulations. The rollout comes as crypto derivatives trading volumes surge, accounting for over 70% of total crypto trading activity in recent months.