Coinbase has announced the launch of a new suite of derivatives that will be available exclusively to eligible traders in the United Kingdom.

 

 

Announcing the rollout, Coinbase said the launch of these derivatives aligns with its goal of building a unified, borderless, and fully transparent derivatives ecosystem that gives professional traders the tools they need to navigate any market.

 

“The launch continues our effort to launch the ‘Everything Exchange’ in the UK. Our vision is to make Coinbase a single place where everyone from first-time crypto investors to the most sophisticated traders can access and manage all of their assets.”

 

As part of its rollout plans, Coinbase revealed that eligible professional traders will gain access to these derivatives in the coming months, including perpetuals, dated futures, and crypto options.

 

According to the exchange, eligible traders will have 24/7 access to more than 170 supported assets across crypto, commodities, equities, and foreign exchange, with leverage of up to 50x for perpetuals and up to 20x for dated futures.

 

The rollout of these derivatives comes shortly after Coinbase secured a Markets in Financial Instruments Directive (MiFID) investment services authorisation from the UK Financial Conduct Authority (FCA). The authorisation provides Coinbase with the regulatory permissions needed to offer derivatives to eligible UK clients.

 

As Coinbase continues to pursue its goal of becoming an “Everything Exchange” that serves users globally, the company has also received regulatory approval to expand its operations in Australia and Abu Dhabi.

 

It has also expanded access to more than 4,000 tokenised US stocks and exchange-traded funds (ETFs) for non-US residents.