Coinbase Debuts Crypto Futures for European Traders, Including Bitcoin and Ethereum
Coinbase has launched regulated crypto futures contracts for traders in 26 European countries, including Germany, France, and the Netherlands, via its Coinbase Advanced offering under a MiFID II license. This marks its first direct provision of regulated crypto derivatives in Europe, providing an alternative to offshore trading platforms. The new products include perpetual futures with five-year expiries, contracts with monthly or quarterly expirations, and the Mag7 + Crypto Equity Index Futures, which combines exposure to top tech stocks and crypto assets. Selected contracts, such as Bitcoin and Ethereum, offer up to 10x leverage and low fees. Accounts can be funded in euros or USDC. Coinbase was also selected as a custodian for Morgan Stanley's upcoming spot Bitcoin ETF. In Europe, Coinbase faces competition from Crypto.com and Kraken, both of which launched derivatives products in 2025. Despite the expansion, Coinbase recently reported a $667 million loss in Q4, mainly due to an unrealized decline in its investment portfolio.
