Coinbase launches 10x crypto futures in Canada

Coinbase has launched 23 perpetual and dated crypto futures for eligible Canadian investors, with leverage of up to 10 times on supported contracts. Summary Coinbase has opened 23 crypto futures markets to eligible sophisticated and institutional investors in Canada. The contracts cover Bitcoin, Ethereum, Solana, and 20 other digital assets. Traders can use nano-sized contracts and leverage of up to 10 times. Commodity and index futures linked to gold, silver, oil, and COIN50 are also available. Coinbase said eligible Canadian clients can access the new contracts through Coinbase Financial Markets, its futures commission merchant registered with the U.S. Commodity Futures Trading Commission. The selection includes perpetual futures, which do not have fixed expiry dates, and dated futures that settle at a specified time. Supported markets include Bitcoin, Ethereum, and Solana, along with 20 other digital assets. By allowing both long and short positions, the contracts give eligible investors a way to trade in either direction without buying or selling the underlying cryptocurrencies. Investors can also use the products to hedge price exposure held elsewhere in their portfolios. Acce...