Coinbase Launches CFTC-Regulated Perpetual futures Trading Amid Strategy’s IPO of STRC Dividend Product

Coinbase introduced Perpetual long -term trading for American retail merchants, from July 21, 2025, through its Financial Markets Coinbase platform. Initial offers include Nano Bitcoin (BTC-Perp) and Nano Ether (ETH-PERP) contracts, with a lever effect up to 10x, no monthly expiration and negotiation costs as low as 0.02%. These contracts, with expiration dates over five years and hourly financing rates, aim to reflect global perpetual future while complying with American regulations.

The strategy announces the IPO of the Dividend STRC product

Strategy (formerly Microstrategy) announced an initial public supply project (IPO) of 5 million shares of its privileged shares (STRC) of the perpetual series A series A perpetual series A, at a price of $ 100 per share to increase $ 500 million. The product will mainly finance Bitcoin acquisitions and the general ends of companies. Strc Offer of cumulative monthly dividends from an annual rate of 9%, adjusted according to a quarter Soff Fluctuations, with a strategy aimed at maintaining the price of negotiating the action nearly $ 100. The action includes redemption rights at $ 101 per share plus unpaid dividends and buyout options for shareholders on a “fundamental change”.

The IPO managed by companies like Morgan Stanley and Barclays, Supports the Treasury Strategy focused on Strategy Bitcoin, which led to annualized yields of 104% for MSTR against 59% for Bitcoin. The two developments reflect important stages in the expansion of investment options in regulated cryptography and innovative financing of companies related to digital assets. Perpetual term contracts regulated by CFTC (BTC-PERP and ETH-PERP) or sophisticated tools for American retail investors, previously limited by regulatory obstacles.

With a lever effect up to 10x and low costs (0.02%), This could stimulate higher trading volumes and attract a wider range of traders, from retail trade to institutional and stimulating market. By offering perpetual term contracts, Coinbase strengthens its position against world exchanges like Binance and Bybit, which dominate the Crypto derivative market of 2 dollars. This decision could capture a slice of 90% of the global trading of derivatives, which potentially increases the American Coinbase market share.

As one of the first American platforms to offer perpetual contracts regulated by CFTC, Coinbase establishes a reference for compliance in a closely regulated market. This could encourage other exchanges to follow, promoting innovation while aligning with American laws, although this can also attract an increased examination of regulators such as the SEC or the CFTC. The availability of high leverage products (10x) could amplify price oscillations in bitcoin and ether, especially during volatile periods. Although this offers profit potential, it also increases the risks for retail traders, potentially resulting in significant losses if it is not carefully managed.

Accessible derivatives can normalize crypto as a class of general public assets in the United States, Encourage investors to consider bitcoin and ether as viable for coverage or speculation, similar to traditional term markets. The IPO of Strategy, STRC, a privileged stock in dividend linked to its Bitcoin cash strategy, introduces a new means for companies to raise capital using cryptographic assets. The $ 500 million collected, mainly for Bitcoin purchases, strengthen the betcoin strategy for Bitcoin as a value reserve, which can potentially inspire other companies to adopt similar strategies.

The variable dividend of 9%, linked to Sofr, offers An attractive return in a low interest environment, attracting income -oriented investors. However, the value of the action is indirectly linked to the performance of Bitcoin, exposing investors to the volatility of cryptography without direct property, which could dissuade the shareholders opposed to risk. The aggressive acquisition strategy of the Bitcoin strategy (already holding more than 1% of all Bitcoin) and the IPO signals strong confidence of the company in the long -term Bitcoin value. This could strengthen the feeling of the market, which has increased the prices of Bitcoin, but also risks overexposure if the value of Bitcoin decreases considerably.

The STRC structure, with buyout and redemption options, mixes traditional action features with innovation supported by Crypto. Success could redefine business cash strategies, but failure (for example, the inability to maintain dividends or bitcoin losses) could affect the credibility of the strategy and the performance of actions. The IPO can draw the attention of regulators, given its unconventional link to Bitcoin. In addition, the MSTR annualized yields of 104% strategy against 59% Bitcoin highlight its lever -effect approach.

The two movements report a maturity cryptography market, a coinbase democratizing access to derivatives and the financing strategy of companies supported by crypto. They could lead to traditional adoption but also increase the risks of volatility, regulatory decline and overexposure of investors. The success of these initiatives may depend on market conditions, regulatory clarity and the trajectory of bitcoin prices.