Coinbase plans to introduce 24/7 trading for Bitcoin (BTC) futures and Ethereum (ETH) futures on May 9, 2025. This joint action will enable retail and institutional users alike to trade these digital assets 24 hours a day. The San Francisco-based company originally unveiled its intentions to launch this new service back in March.

The launch of the 24/7 trading feature signals growing competition among digital asset exchanges. Coinbase is now directly competing with other exchanges, such as Kraken, to gain a dominant position in the crypto derivatives market.

Based on what Coinbase is saying, this new service is their response to the overwhelming demand they’re seeing from crypto-native traders. Clients can respond to incidents in real-time to mitigate risk with help available 24/7. Perhaps that’s because they can react in real-time to price movements and market events, even on weekends.

To make this service possible, Coinbase has partnered with Nodal Clear, an NFA-member and CFTC-regulated clearinghouse. We believe that this collaboration will provide high-quality, reliable risk management 24/7.

"Extending futures trading to a 24/7 cycle is a fundamental evolution in market structure and one that requires robust risk management around the clock." - Paul Cusenza, Nodal Clear’s Chairman and CEO

This development as a whole is tremendously significant and positive for the industry, noted the company’s new CEO of Coinbase Financial Markets, Andy Sears.

"The arrival of 24/7 CFTC-regulated markets is a game-changer for the industry." - Andy Sears, CEO of Coinbase Financial Markets

The well-timed pivot is no small feat considering Coinbase’s IPO in 2021. At its heart, Coinbase is attempting to pursue a big strategic growth play. They are providing $700 million in cash and 11 million shares of their Class A common stock as part of this purchase agreement.