Coinbase will begin offering perpetual futures contracts for two exchange-traded funds — the Roundhill Memory ETF and select Direxion semiconductor ETFs — starting July 16, the company said. The move adds a new asset class to the crypto exchange's growing derivatives platform.
The new contracts
Perpetual futures are a type of derivative that never expires. Traders can hold positions indefinitely, using leverage to amplify bets on price moves. Unlike standard futures, there's no settlement date — instead, funding rates keep the contract price tied to the underlying asset.
The Roundhill Memory ETF tracks companies involved in memory and storage technology. Direxion's semiconductor ETFs include leveraged and inverse funds that target chip-sector stocks. Coinbase didn't specify which Direxion products would be included or the leverage limits for the new contracts.
A broader derivatives push
Coinbase has been expanding its derivatives business beyond crypto-native assets. The exchange already offers Bitcoin and Ethereum futures through its regulated platform. Adding perpetual futures on traditional ETFs marks a step into equity-linked derivatives, a market dominated by traditional brokerages.
The contracts are set to go live on July 16. Coinbase hasn't released margin requirements or fee structures yet. The announcement comes as the exchange faces increasing competition from rivals like Binance and Kraken in the derivatives space.
