- Coinbase launched crypto derivatives trading in Canada for eligible customers.
- The offering includes 23 crypto perpetual and dated futures with up to 10x leverage.
- Webull and Robinhood have also expanded their crypto presence in Canada.
Coinbase Canada futures have gone live for eligible users as the company expands its derivatives offering in the country. The launch gives qualifying Canadian traders access to perpetual and dated futures linked to Bitcoin, Ether, Solana and other assets. Coinbase said the lineup includes 23 crypto perpetual and dated futures, five commodity futures and the Coinbase 50 Index. The products are offered through Coinbase Financial Markets, a futures commission merchant registered with the US Commodity Futures Trading Commission, operating in Canada under foreign dealer and futures commission merchant exemptions. The move comes as other US trading platforms are also growing their crypto operations in Canada.
Coinbase Canada futures launch details
Coinbase said eligible Canadian users can now trade crypto derivatives that include perpetual and dated futures. The contracts are tied to Bitcoin, Ether, Solana and additional assets named by the company as part of a broader derivatives menu.
According to Coinbase, the new Canadian offering includes 23 crypto perpetual and dated futures, along with five commodity futures and the Coinbase 50 Index. The company described itself as the first major crypto-native platform to provide direct native crypto futures in Canada.
Who can access Coinbase Canada futures
Access to Coinbase Canada futures is limited to eligible Canadian customers. Coinbase said this group includes traders with at least $5 million in net financial assets, as well as registered investment advisers and dealers.
The company also said the contracts use nano-sized positions and provide leverage of up to 10x. The products are made available through Coinbase Financial Markets, which is registered with the US Commodity Futures Trading Commission as a futures commission merchant.
Other US platforms expand in Canada
The Coinbase rollout comes as other US trading platforms increase their activity in Canada. On Monday, Webull expanded crypto trading to Canadian customers by using Coinbase infrastructure for both trading and custody.
Webull added digital assets to its Canadian lineup alongside stocks, ETFs and options. The company pointed to rising adoption, citing Ontario Securities Commission research showing crypto ownership in Canada rose to 25% this year from 10% in 2023.
Canada market and oversight changes
Robinhood entered the Canadian market in June after completing its $180 million acquisition of local crypto company WonderFi. Through the transaction, Robinhood gained control of the Canadian exchanges Bitbuy and Coinsquare.
The deal also brought about 300,000 funded customers to Robinhood, together with WonderFi’s Canadian licenses and regulatory approvals. At the same time, Canada has been tightening oversight in other areas of the crypto market. In April, Ottawa proposed banning crypto ATMs over concerns about scams and money laundering, while lawmakers advanced legislation to ban cryptocurrency donations to political parties and candidates.
Conclusion
Coinbase Canada futures add a new derivatives option for eligible traders in a market where US platforms are expanding their reach. Coinbase said the service includes 23 crypto perpetual and dated futures, five commodity futures and the Coinbase 50 Index, with nano-sized contracts and leverage of up to 10x. The launch sits alongside moves by Webull and Robinhood to build a larger presence in Canada. At the same time, the country is seeing stricter oversight in other parts of the crypto sector, including proposals involving crypto ATMs and political donations. Together, these developments show both growth in access and tighter scrutiny across the Canadian market.
Disclaimer
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