Coinbase has launched regulated crypto futures for retail traders across Europe, rolling the products out through Coinbase Advanced in 26 countries — including Germany, France and the Netherlands — under its MiFID II license. It’s the first time the U.S.-listed exchange is offering regulated crypto derivatives directly to EU customers, providing a compliant alternative to the offshore platforms many Europeans have used for derivatives trading.
What’s on offer
- A mix of perpetual-style futures and dated contracts with monthly or quarterly expiries. Coinbase says its “perpetual-style” contracts carry long-dated expiries of up to five years.
- An equity-linked product called the Mag7 + Crypto Equity Index Futures, which blends exposure to the Magnificent Seven tech stocks with crypto-linked equities and BlackRock iShares ETFs tied to Bitcoin and Ethereum.
- Leverage of up to 10x on selected contracts, including Bitcoin and Ethereum.
- Fees starting as low as 0.02% per contract.
- Accounts can be funded in euros or USDC.
Regulatory angle and market context
Because the products are offered under MiFID II, Coinbase is treating these crypto-derived contracts as financial instruments subject to EU rules — aligning them with regulated stock, bond and derivative markets rather than offshore crypto venues. The move positions Coinbase to capture European derivatives flow now that competitors such as Crypto.com and Kraken have also launched similar offerings (both rolled out their products in May 2025).
Corporate notes
Coinbase was recently named one of two custodians for Morgan Stanley’s planned spot Bitcoin ETF, according to an amended S-1 filing; it will custody fund assets alongside BNY. The launch of regulated futures comes as Coinbase navigates a rough patch: the company reported a Q4 earnings miss with a $667 million loss, driven in part by a $718 million, largely unrealized decline in its investment portfolio and a $395 million hit to the value of strategic investments (including Circle).
Why it matters
For European traders, Coinbase’s entry brings a regulated, institutional-grade venue for crypto derivatives trading — with traditional protections and familiar funding options — into a market long dominated by offshore platforms. For Coinbase, the offering broadens product depth in Europe at a time when custody and derivatives are becoming core battlegrounds for exchanges and institutional custodians alike.
Read more AI-generated news on: undefined/news
