Coinbase expands UK derivatives offering for professional investors

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Coinbase expands UK derivatives

Highlights

Coinbase launches over 170 derivatives contracts for UK professional clients, including perpetuals with up to 50x leverage and dated futures with up to 20x leverage, following MiFID approval.
Coinbase expands UK offerings to include equities and derivatives, adding nearly 4,000 U.S. stocks for eligible users and building on its regulated market position.
Coinbase reports 88% of Q2 net revenue from non-bitcoin spot trading sources, with global crypto trading volume share rising to 10.3% from 9.1% in Q1.

UK derivatives rollout follows MiFID approval

As reported by The Block, Coinbase says the new offering for eligible UK professional clients includes more than 170 contracts across crypto, commodities, equities and foreign exchange. The exchange says perpetuals are available around the clock with leverage of up to 50x, while dated futures carry fixed settlement dates and leverage of up to 20x.

Coinbase says its options products are limited to crypto and include calls, puts and multi-leg strategies. The company adds that access is restricted to investors who meet eligibility requirements and are classified as professional clients.

The launch follows Coinbase's recently announced MiFID license, which the company says allows it to offer derivatives contracts in the UK. The company says the new permissions expand its ability to add more products for both professional traders and retail investors in the market.

Broader UK product push and revenue mix

The derivatives launch adds another category to Coinbase's broader UK expansion beyond crypto trading. Last week, the exchange began rolling out access to nearly 4,000 U.S. stocks for eligible UK users, adding equities trading alongside crypto and fiat holdings.

Coinbase has also been emphasizing revenue sources beyond bitcoin spot trading. In its second-quarter report, the company says 88% of net revenue comes from sources other than bitcoin spot trading, while its share of global crypto trading volume reaches a record 10.3%, up from 9.1% in the first quarter.

Coinbase describes itself as the most comprehensively regulated crypto player in the UK market. Its UK regulatory disclosures state that CB Payments Ltd is authorized and regulated by the Financial Conduct Authority for investment services and is also authorized under the Electronic Money Regulations 2011 to issue electronic money.

Our earlier report on the UK parliamentary inquiry into crypto banking access explained that lawmakers warned restrictions from major banks could hinder investment and company formation ahead of Britain’s upcoming crypto rulebook. The inquiry sought clarity on transfer caps and outright bans, with banks citing fraud and consumer-protection concerns, and its findings are expected to shape recommendations for making the new regime work in practice.

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