COINBASE TO LAUNCH REGULATED US PERPETUAL-STYLE FUTURES ON JULY 21

Summary from the TLDR Crypto newsletter

Coinbase Derivatives is rolling out US Perpetual-Style Futures on July 21, offering long-dated contracts (5 years), 24/7 trading, and a funding mechanism that mirrors global perpetuals while complying with CFTC regulations. Launch products include nano BTC (0.01 BTC) and nano ETH (0.10 ETH) contracts, designed for capital-efficient, spot-like trading with leverage. This move brings the dominant global crypto derivative format onshore, giving US traders a compliant alternative to offshore platforms.