Launch us with PERP style future, buy Bitcoin (BTC), says the CEO says

Crypto Exchange Coinbase (COIN) I will start to offer perpetual style contracts in the United States on July 21, becoming one of the first regulated players to offer the world popular product.

The new vehicle, first available with Bitcoin

And ether, will exchange on the exchange of Coinbase derivatives, a place regulated by the CFTC.

Unlike the offshore perpetuates, which dominate the global markets of cryptography derivatives but are not approved in the United States, Coinbase instruments are structured as long-term term contracts with five years expirations. They integrate a funding rate mechanism that accumulates every hour and is installed twice a day to imitate the price dynamics of perpetual swaps. Trading will be available 24/7 and the colonies will be managed through regulated compensation.

Future of perpetual style of Coinbase (Coinbase)

Future of perpetual style of Coinbase (Coinbase)

In addition, the CEO of Coinbase, Brian Armstrong, said that the company also regularly accumulated Bitcoin as an investment.

“We buy more bitcoin every week. Long Bitcoin,” said Armstrong in a Thursday X Thursday in response to David Bailey, CEO of the Bitcoin Treasury Nakamoto Holdings firm.

This occurs after the Coinbase financial director Alesia Haas revealed in the first quarter of 2025 in the first quarter of the results that the company bought $ 150 million in crypto, mainly Bitcoin. Coinbase holds 9,257 BTC worth almost $ 1 billion in its business record and is one of the 10 best holders of the assets on the stock market, according to the latest data compiled by BitcoinTareries.net.

Read more: Coinbase is looped, goes up at the highest price since 2021

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