Coinbase rolls out derivatives for UK professional investors

Coinbase announced the launch of a suite of derivatives products for professional investors in the UK, expanding its derivatives offering as it advances its broader "Everything Exchange" strategy.

The exchange is rolling out perpetuals, dated futures, and crypto options to eligible UK professional clients, with access beginning progressively over the coming weeks, it said in a statement shared with The Block Tuesday.

According to the statement, the offering covers more than 170 contracts across crypto, commodities, equities, and foreign exchange, with perpetuals available around the clock and leverage of up to 50x.

The launch follows Coinbase's recently announced MiFID license, which the company said enables it to offer derivatives contracts in the UK. Access is limited to investors who meet the eligibility requirements and are classified as professional clients.