Coinbase to begin 24/7 trading for DOGE, ADA, and SHIB futures on December 5.
U.S. perpetual-style futures for DOGE, ADA, and SHIB launch December 12.
Futures contracts will be accessible to both retail and institutional traders.
Grayscale’s DOGE ETF set to list on NYSE Arca on November 24.
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Coinbase Markets has announced it will launch round-the-clock trading for a range of altcoin futures. The initiative includes Dogecoin (DOGE), Cardano (ADA), and Shiba Inu (SHIB), with both retail and institutional traders gaining access. The expansion begins December 5 and marks a continued effort by Coinbase to increase access to regulated crypto derivatives.
The exchange will also introduce perpetual-style futures for these tokens, structured for U.S. regulatory compliance. This development follows earlier rollouts of similar products for Bitcoin and Ethereum.
24/7 Futures Trading to Begin December 5
Starting December 5, Coinbase Markets will offer continuous trading of monthly futures contracts for 11 altcoins. These include Avalanche (AVAX), Bitcoin Cash (BCH), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Hedera (HBAR), Litecoin (LTC), Polkadot (DOT), Shiba Inu (SHIB), Stellar (XLM), and SUI.
This is an expansion of Coinbase Derivatives’ 24/7 offerings, which already cover Bitcoin, Ethereum, Solana, and XRP. Both institutional and retail investors will be able to access these new markets at all times.
Coinbase stated on X, “Our 24/7 trading model meets growing demand for continuous access across global markets.”
U.S. Perpetual-Style Futures Launching December 12
Coinbase will introduce a new class of perpetual-style futures for the same list of altcoins, including DOGE, ADA, and SHIB. These contracts will go live on December 12 and are designed for U.S. markets.
Unlike offshore perpetual swaps that have no expiry, Coinbase’s contracts will settle on a five-year timeline. They also use funding rates to keep prices close to spot values.
Coinbase noted that this model ensures regulatory alignment while reflecting the structure of traditional perpetual swaps. These contracts will operate under a compliant framework recognized by U.S. regulators.
DOGE, ADA, SHIB in Focus as Institutional Interest Rises
The launch comes amid a surge in institutional interest in tokens like Dogecoin, Cardano, and Shiba Inu. On November 24, NYSE Arca will list Grayscale’s DOGE ETF, which was recently certified. Grayscale has also filed for a Cardano ETF, pending approval by the SEC.
Asset manager T. Rowe Price has filed to launch a crypto-index ETF that will include SHIB. These moves indicate growing demand for investment vehicles tied to these altcoins in traditional markets.
The availability of perpetual-style futures and 24/7 trading may further support wider access and usage of these tokens among institutions and retail users.
Coinbase Continues to Expand Regulated Derivatives Access
Coinbase has positioned itself as the first major U.S. exchange to offer long-dated crypto futures under full regulatory compliance. The exchange previously launched 24/7 BTC and ETH futures in May and long-dated futures in July.
Most altcoin futures trading volume is still found on offshore platforms like Binance and Bybit. However, Coinbase’s push into regulated offerings may redirect some of this volume back to U.S.-based platforms.
The upcoming futures offerings are part of a broader strategy to create a more secure and compliant crypto derivatives market in the United States.