Coinbase launches crypto derivatives in Canada

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Coinbase launches crypto derivatives Canada

Highlights

Coinbase launches 23 crypto perpetual and dated futures, five commodity futures, and the Coinbase 50 Index for eligible Canadian clients via Coinbase Financial Markets.
Access to Coinbase's new derivatives in Canada is limited to clients with at least $5 million in net financial assets or registered investment advisers and dealers, offering up to 10x leverage.
Robinhood's $180 million acquisition of WonderFi in June brings 300,000 funded customers and regulatory approvals as Canada tightens sector oversight with proposed crypto ATM and political donation bans.

Derivatives rollout for eligible clients

As reported by Cointelegraph, citing Coinbase, the new offering is available through Coinbase Financial Markets, a futures commission merchant registered with the U.S. Commodity Futures Trading Commission, operating in Canada under foreign dealer and futures commission merchant exemptions.

The company says the lineup includes 23 crypto perpetual and dated futures, five commodity futures and the Coinbase 50 Index. Coinbase says it is the first major crypto-native platform to offer direct native crypto futures in Canada.

Access is restricted to eligible Canadian customers, including clients with at least $5 million in net financial assets, as well as registered investment advisers and dealers. The contracts use nano-sized positions and offer leverage of up to 10x.

Canada becomes a bigger crypto battleground

The move comes as other U.S. trading platforms also widen their crypto presence in Canada. On Monday, Webull expanded crypto trading to Canadian customers using Coinbase infrastructure for trading and custody, adding digital assets to its existing stocks, ETFs and options business.

Webull points to rising adoption as a driver for the launch, citing Ontario Securities Commission research showing crypto ownership in Canada climbs to 25% this year from 10% in 2023. Robinhood also enters the Canadian market in June through its $180 million acquisition of WonderFi, gaining control of Canadian exchanges Bitbuy and Coinsquare.

That transaction also brings about 300,000 funded customers, along with WonderFi's Canadian licenses and regulatory approvals, under Robinhood. At the same time, Canada is tightening oversight elsewhere in the sector, with Ottawa proposing a ban on crypto ATMs in April over scam and money laundering concerns, while lawmakers advance legislation to prohibit cryptocurrency donations to political parties and candidates.

Our earlier article on Canada–EU coordination ahead of the 2026 leaders’ summit outlined how both sides are deepening cooperation on security, trade and critical minerals. It highlighted progress on the Canada–EU Security and Defence Partnership, ongoing digital trade talks, and a shared focus on economic security and support for Ukraine.

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