The move follows similar launches for Bitcoin, Ethereum, Solana and XRP earlier this year.
Coinbase Derivatives is planning on expanding 24/7 trading for its listed altcoin futures, including Avalanche, Bitcoin Cash, Cardano, Chainlink, Dogecoin, Hedera, Litecoin, Polkadot, Shiba Inu, Stellar, and SUI.
Nonstop trading for these assets will go live Dec. 5, according to a post on X from Coinbase Markets. This adds to Coinbase Derivatives existing 24/7 support for Bitcoin, Ethereum, Solana, and XRP products, including nano and “perp-style” futures products.
Additionally, Coinbase is looking to add U.S. perpetual-style futures for those altcoins, according to the X post on Friday. These long-dated futures are similar to other crypto-native perps contracts in that they use a funding rate mechanism to keep futures contract prices aligned with spot markets. However, they come with a five-year expiration, while true perps are indefinite.
Coinbase’s CFTC-regulated derivatives arm unveiled 24/7 Bitcoin and Ethereum futures trading in May and perps-style futures in July. The product launches followed shortly after Coinbase’s historic $2.9 billion acquisition of Deribit.
