Coinbase Launches Crypto Derivatives Trading in Canada for Eligible Users
- Coinbase has introduced Bitcoin (BTC), Ether (ETH), and Solana (SOL) futures trading in Canada.
- The platform offers a total of 23 crypto perpetual and dated futures, five commodity futures, and the Coinbase 50 Index.
- Access is restricted to Canadian customers with at least $5 million in net financial assets or registered investment advisers.
- Contracts feature nano-sized positions with leverage up to 10x.
- Crypto ownership in Canada has surged to 25% this year, up from just 10% in the previous year.
The launch aligns with the expansion of US trading platforms like Webull and Robinhood into the Canadian market, indicating rising demand for crypto services amid increasing regulatory scrutiny.
With Coinbase’s offering of derivatives tied to major cryptocurrencies, eligible users can now engage in advanced trading strategies as crypto ownership grows significantly across Canada this year. (Source)
