Coinbase has launched crypto and equity index futures for Advanced users in 26 European countries, including Germany, France, and the Netherlands. The contracts are offered through its MiFID-regulated entity, allowing traders to access crypto derivatives tied to Bitcoin and Solana, as well as the Mag7 + Crypto Equity Index Futures, which combine exposure to major tech stocks, crypto-linked equities, and BlackRock iShares ETFs linked to BTC and ETH.
The futures suite includes perpetual-style contracts with five-year expiries and dated contracts with monthly or quarterly expiries. Select crypto-denominated contracts and equity indices offer up to 10x leverage, while other products provide 5x leverage, with fees as low as 0.02% per contract. The move aligns with Coinbase’s “exchange for everything” strategy, aiming to provide a single platform for regulated access to multiple global asset classes.
The launch follows warnings from the European Securities and Markets Authority that many perpetual-style crypto derivatives could fall under national CFD rules, which impose leverage limits, risk disclosures, and margin protections. Coinbase joins other exchanges, including Kraken, One Trading, and Gemini, in introducing regulated perpetual contracts in Europe amid evolving regulatory oversight.
