Coinbase has appointed Liz Martin, a former Goldman Sachs partner, as VP of Product to lead its derivatives and markets teams. This move is part of Coinbase's strategy to transform into an "everything exchange," allowing users to trade, borrow, and stake various assets, including tokenized stocks and prediction markets.

Coinbase Derivatives is set to launch US Perpetual-Style Futures on July 21, introducing a new product suite that will track spot prices and offer leverage while adhering to CFTC regulations. These long-dated futures contracts will feature a funding rate mechanism to maintain alignment with the spot market, providing a unique trading experience for users.

Coinbase has introduced 24/7 trading for Bitcoin and Ethereum futures, capitalizing on the growing demand in the derivatives market. This announcement follows their recent acquisition of Deribit, highlighting the exchange's strategic move to enhance its offerings in a trillion-dollar market.