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Coinbase Launches Stock Perpetual Futures for Non-U.S. Users

DeFi

info@uweb3.io

March 20, 2026

Coinbase Launches Stock Perpetual Futures for Non-U.S. Users

The exchange is offering leveraged contracts on major technology stocks and ETFs.

Coinbase on Friday rolled out perpetual futures contracts tied to U.S. equities, becoming one of the first major centralized exchanges to offer the product and expanding its derivatives lineup beyond crypto.

The contracts cover all seven Magnificent 7 stocks — Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla — as well as ETF perpetuals tracking the S&P 500 (SPY) and Nasdaq-100 (QQQ) in select jurisdictions. They are available to eligible non-U.S. retail users on Coinbase Advanced and to institutions on Coinbase International Exchange.

The contracts trade around the clock, are cash-settled in USDC, and offer up to 10x leverage on individual stocks and 20x on ETF products. Like crypto perpetuals, they have no expiration date and use a funding rate mechanism to track spot prices.

Competing With DeFi

The launch positions Coinbase against decentralized platforms that have already built significant traction in equity-linked perpetuals. TradeXYZ, the perpetuals arm of Hyperliquid tokenization layer Unit, has crossed $1.4 billion in open interest and routinely processes more than $1 billion in daily volume, according to DeFiLlama.

Earlier this week, the platformlanded a license from S&P Dow Jones Indices to launch the first officially sanctioned S&P 500 perpetual futures contract on-chain — a milestone that lends institutional credibility to the DeFi side of the equity perps market.

Coinbase acknowledged in itsblog post that much of the demand for continuous equity exposure has been concentrated on decentralized venues.

The launch follows Coinbase’s recent push into European derivatives, where its MiFID-regulated entity began offering crypto futures across 26 countries earlier this month. The company said it plans to expand the lineup over time, adding more equities, indices, commodities, and other globally traded assets.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

Onchain Data Says Ether May Have Bottomed: Will Traders Buy?

Ethereum

info@uweb3.io

March 20, 2026

Onchain Data Says Ether May Have Bottomed: Will Traders Buy?

A key Ether (ETH) onchain indicator has climbed to its highest level in over three years, a level last seen when ETH bottomed during the 2022 bear market cycle.

The signal supports the case for an early bottoming phase, despite the weak spot demand and muted price action. Data suggests that ETH may stabilize near the local floor around $2,000, but a sweep of lower price levels remains possible in the coming weeks.

Ether taker flow spikes: Does this confirm the ETH bottom?

The 30-day average of positive Ether net taker volume climbed to $142 million on March 17, reaching levels last seen on July 18, 2022. The net taker volume measures the difference between aggressive buyers and sellers in derivatives markets.

A positive reading signals that market orders lean toward buyers. The recent surge aligns with prior spikes seen in mid-2022 during a correction phase.

ETH net taker volume. Source: CryptoQuant

These expansions have appeared during transitional periods where traders reposition and add exposure while the price stabilizes near a market bottom, as observed in July 2022 and August 2020.

The Ethereum Coinbase premium index has also been positive since Feb. 24, and the elevated premium levels indicate growing spot demand from US-based traders.

Coinbase, Cryptocurrencies, Ethereum, Adoption, Markets, Cryptocurrency Exchange, Price Analysis, Futures, Market Analysis, Altcoin Watch, Ether Price — *Ether coinbase premium index. Source: CryptoQuant*

However, crypto analyst Pelin Ay noted that despite the drop in supply-side pressure, the price response has remained relatively muted, possibly due to a lack of dominant buy demand. The analyst said,

“The supply side is bullish, but there are no buyers. It appears that buyers still consider the current price expensive and are waiting for a new bottom.”

Related: Execution quality is the missing metric in Bitcoin and Ethereum markets

What happens if Ether falls below $2,150?

Ether’s short-term support aligns with the 100- and 200-period exponential moving averages (EMAs), but the price is compressing near an ascending trendline, with a potential breakdown placing focus on the lower liquidity zones.

The internal liquidity sits between $2,100 and $2,000 and a more pronounced cluster has formed near $1,905.

A larger liquidation cluster sits at $1,976, where over $3 billion in long positions are open. A move into this zone may trigger forced liquidations and create a short-term imbalance.

If buyers step in, this area may also act as a demand zone and support a price rebound above $2,000.

Crypto trader EliZ outlined a clear threshold at $2,000 on the daily timeframe. Holding above this level keeps the medium-term trend intact. A break below shifts the positioning toward aggressive short exposure, with the lower targets in focus.