Coinbase UK Derivatives: Up to 50x on 170+ Contracts

Coinbase has begun a phased rollout of derivatives products for UK professional clients, adding perpetual contracts, dated futures and crypto options to its platform. The company said access will open progressively over the coming weeks and will be limited to eligible investors classified as professional clients, not retail customers.

The initial lineup covers more than 170 contracts across cryptocurrencies, commodities, equities and FX. Perpetual contracts will trade around the clock with leverage up to 50x, while dated futures carry fixed settlement dates and leverage up to 20x. Options will start with crypto only, offering calls, puts and multi-leg strategies.

The expansion follows Coinbase's MiFID license announcement, which broadened its permissions to offer derivatives in the UK. According to Coinbase's UK disclosures, subsidiary CB Payments Ltd is authorised and regulated by the Financial Conduct Authority for investment services and is also authorised under the Electronic Money Regulations 2011.

The derivatives push is part of Coinbase's "Everything Exchange" strategy in the UK. Last week it began rolling out access to nearly 4,000 US stocks for eligible UK users, allowing customers to hold equities alongside crypto and fiat. The combination of spot crypto, equities and derivatives puts Coinbase in closer competition with multi-asset brokers and other crypto-native venues.

The move also supports Coinbase's effort to diversify revenue beyond bitcoin spot trading. In Q2, the company said 88% of net revenue came from sources other than bitcoin spot trading, and its share of global crypto trading volume reached a record 10.3%, up from 9.1% in Q1. Derivatives could capture additional activity from traders using futures and options for leverage, hedging and volatility strategies, making the UK a key test of the broader multi-asset model.