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.

Crypto exchange activity is declining, with spot trading reaching its lowest levels relative to futures trading since mid-2024. Bitcoin and Ethereum have seen significant drops in their respective spot-to-futures trading ratios, indicating a shift towards more speculative trading. In contrast, Solana is experiencing a slight increase in exchange volume, marking a reversal from its previous trend.

Kraken is enhancing its trading platform by providing access to a wider range of CME Group’s derivatives contracts, including oil, gold, and equity indices. This initiative aligns with the exchange's strategy to create an all-in-one trading experience as it prepares for a potential public listing.