Coinbase Launches Derivative Contracts in Canada
TL;DR: Eligible Canadian traders can, for the first time, access regulated derivatives contracts on Coinbase. Offered through Coinbase Financial Markets (CFM), Coinbase is the first major crypto native platform to offer direct native crypto futures in Canada. These capital-efficient perpetual and dated contracts allow sophisticated investors to trade, speculate, and hedge on a platform they already trust.
Historically, Canadian traders looking to access crypto-derivative products have often had to rely on unregulated or offshore platforms. Today, that changes.
The launch of derivatives contracts on Coinbase offers eligible Canadian investors access to highly liquid and regulated contracts including:
23 perpetual and dated futures such as Bitcoin, ETH and SOL;
Five commodity futures including Gold, Silver and Oil
And index futures like COIN50.
As digital assets become increasingly integrated into the Canadian financial landscape, this expansion gives sophisticated traders the opportunity to leverage risk-management tools that were previously only available to major financial institutions.
Why Canadian Investors Care About Derivatives
Corporations and financial institutions routinely use derivatives to manage financial risks. According to the Bank of Canada, one-third of publicly listed Canadian non-financial corporations actively use derivatives to hedge their earnings.
Meanwhile, global demand for these products is massive. Globally, crypto derivative trading volume is about 4.4 times the volume of crypto spot trading. Yet until now Canadians have not had a regulated venue to access these contracts, reducing their ability to express a market view or protect their portfolios.
Key Product & Pricing Details
These contracts are built to be accessible, highly capital-efficient, and transparent.
Regulated: All derivatives are offered by Coinbase Financial Markets, Inc. (“CFM”), a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC).
Leverage & Flexibility: With nano-sized contracts designed for lower upfront capital requirements and up to 10x leverage, traders can go long or short to speculate on market direction.
Competitive Launch Pricing: For a limited time, eligible Canadian traders can take advantage of our most competitive pricing yet. (1)
More Choice and Financial Freedom for Canadians
At Coinbase, our mission is to increase economic freedom. The legacy financial system has built walls to keep certain investors out by dictating what they can and cannot trade. We want to break those walls down. We want Coinbase to be the single place you go to manage your entire financial life. We believe if you see it in a headline, you should be able to trade it.
Disclaimer
Futures products and services are offered by Coinbase Financial Markets, a member of NFA and is subject to NFA’s regulatory oversight and examinations. Access to the referenced financial products requires user eligibility. The risk of transacting in futures can be substantial and may not be suitable for everyone. Leverage in futures trading can work for you or against you. The risk of loss using leverage can exceed your initial investment amount. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy.
(1) Pay just 0.02% per trade plus a flat $0.11 per contract
- About Eric RichmondCountry Director and CEO of Coinbase Canada
Eric Richmond is the Country Director and CEO of Coinbase Canada, where he leads efforts to drive digital asset adoption and help shape Canada's crypto and stablecoin regulatory frameworks. He has spent nearly a decade as a defining voice in building Canada's digital asset industry, work he now continues at Coinbase with a focus on bringing more of the financial system onchain and making crypto more accessible to Canadians.
Eric previously served as General Counsel & Head of Business Development at Shakepay, a leading Canadian fintech. He is also a co-founder of Tetra Trust Company, Canada's first regulated digital asset custodian, and previously served as President of Coinsquare, where he helped steer the platform toward becoming Canada's first CIRO-regulated broker-dealer. Across these roles, Eric has built a command of the technology behind digital assets and the regulatory frameworks shaping their future.
Earlier in his career, Eric was a lawyer at Blake, Cassels & Graydon LLP, where he advised clients on corporate and capital markets transactions, corporate governance, and securities regulatory matters.
About Vinayak DoraiswamyHead of Product, Coinbase Financial MarketsVinayak Doraiswamy is the Head of Product for Coinbase Financial Markets, Coinbase’s US Futures Broker. He previously served as Director of Product at FairX Exchange (now Coinbase Derivatives Exchange), which Coinbase acquired. Before this, he spent over a decade at Barclays Singapore and Barclays New York, serving most recently as Head of product for their US Prime Derivatives Business.
