Coinbase Brings Leverage to the Masses With Perpetual Futures

Tyler Winklevoss, co-founder and chief executive officer of Gemini Trust Co., from left, Cameron Winklevoss, co-founder and president of Gemini Trust Co., Brian Armstrong, chief executive officer of Coinbase Global Inc., and Paolo Ardoino, chief executive officer of Tether Holdings Ltd., speak with Howard Lutnick, US commerce secretary, during a signing ceremony for the GENIUS Act in the East Room of the White House in Washington, DC, US, on Friday, July 18, 2025. US President Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a "giant step to cement American dominance of global finance and crypto technology" and delivering a major victory for the digital asset industry.Photographer: Al Drago/Bloomberg

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By David Pan

July 22, 2025 at 5:01 PM EDT

This article is for subscribers only.

David Pan takes a look at a new futures offering from Coinbase that will allow US retail traders to lever up their crypto bets.

Emboldened by the pro-crypto regulatory environment fostered by the Trump administration, Coinbase Global Inc. just made one of the most-popular — and riskiest — crypto products in the world available to US retail investors.