Coinbase is launching perpetual futures, allowing retail investors to utilize leverage in trading. This move aims to democratize access to advanced trading tools, previously available mainly to institutional investors. The introduction of these products reflects the growing trend of integrating sophisticated financial instruments into the cryptocurrency market.

Hyperliquid has achieved over $1.57 trillion in onchain perpetual trading volume over the past year, generating $310 million in cumulative revenue. The platform's volume surged during its HYPE airdrop event, and it significantly outperformed competitors in May with $248 billion in volume. Hyperliquid's advancements include launching HyperEVM, enhancing its decentralized trading capabilities.

U.S. traders can now access perpetual futures contracts through Coinbase Financial Markets, starting July 21, 2025. These CFTC-regulated derivatives allow for up to 10x leverage and have no monthly expiration dates, providing a new trading opportunity for the American crypto market.