Coinbase International has announced the upcoming launch of perpetual futures contracts for three prominent cryptocurrencies: BounceBit (BB), Conflux (CFX), and Neo (NEO). This strategic expansion underscores the growing demand for diversified derivatives offerings in the global crypto market and reinforces Coinbase’s position as a leading platform for institutional and retail traders alike.
The new markets—BB-PERP, CFX-PERP, and NEO-PERP—are scheduled to go live on September 5, 2024, at 09:30 UTC or shortly thereafter. This addition broadens the range of available trading instruments on Coinbase International, enabling users to hedge positions, leverage exposure, and speculate on price movements with greater flexibility.
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Why BB, CFX, and NEO?
Each of the three newly supported assets brings unique value to the evolving blockchain ecosystem. Their inclusion in perpetual futures trading reflects both technological promise and increasing market interest.
BounceBit (BB): Bridging Bitcoin and DeFi
BounceBit is a Bitcoin-ecosystem-focused blockchain designed to bring decentralized finance (DeFi) capabilities to BTC holders through restaking protocols. By allowing users to secure multiple chains using Bitcoin’s hash power, BounceBit enhances capital efficiency while maintaining high security standards. As Bitcoin continues to evolve beyond a store of value, projects like BounceBit are driving innovation in yield generation and cross-chain interoperability.
Conflux (CFX): High-Performance Hybrid Blockchain
Conflux Network stands out with its unique Tree-Graph consensus algorithm, offering high throughput, low transaction fees, and environmental sustainability. Backed by strong adoption in China’s regulated blockchain space and growing global developer interest, CFX has positioned itself as a scalable solution for Web3 applications, NFTs, and enterprise use cases. The availability of perpetual futures will likely attract speculative interest and improve market liquidity.
Neo (NEO): The Smart Economy Blockchain
Often referred to as “China’s Ethereum,” Neo supports smart contracts and decentralized applications (dApps) with a focus on digital identity and asset tokenization. With its ongoing transition toward a more decentralized governance model and enhanced developer tooling, Neo remains a key player in the layer-one blockchain landscape. Futures trading can amplify visibility and engagement among international traders.
Market Context and Crypto Derivatives Growth
The decision to list these perpetual futures aligns with broader trends in the cryptocurrency derivatives market. According to industry reports, perpetual futures now account for over 70% of all crypto futures volume globally, thanks to their funding-rate mechanism that allows indefinite holding without expiry dates.
This move by Coinbase International also reflects increasing competition among major exchanges to capture market share in the derivatives segment—where higher leverage and sophisticated trading tools attract active traders. With Bitcoin recently testing the $110,000 mark and investor sentiment remaining bullish despite volatility, demand for alternative exposure routes continues to rise.
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Broader Financial Landscape: Macro Trends Influencing Crypto
While crypto markets operate with some independence, they remain sensitive to macroeconomic developments. Recent data highlights several key factors shaping investor behavior:
- Strong U.S. Labor Market: The June Non-Farm Payrolls (NFP) report exceeded expectations, signaling resilience in the U.S. economy despite ongoing tariff pressures. This has cooled expectations for a Federal Reserve rate cut in July 2024, supporting the U.S. dollar and influencing capital flows into risk assets—including cryptocurrencies.
- Rising Treasury Yields: The 10-year U.S. Treasury yield climbed to 4.35%, reflecting tighter monetary policy expectations. Higher yields can pressure growth-oriented assets but may also signal confidence in economic stability—benefiting crypto as part of diversified portfolios.
- Equity Markets at Record Highs: Both the S&P 500 and Nasdaq Composite reached all-time highs following the jobs data, indicating strong risk appetite. The Dow Jones Industrial Average (DJIA) also approached its highest level in five months. These trends often spill over into digital asset markets, where momentum-driven trading prevails.
- Currency Movements: The British pound strengthened against the Japanese yen, driven by improved risk sentiment. Meanwhile, USD/JPY declined by 9% in the first half of 2025—the yen’s best performance in years—highlighting shifts in global capital allocation amid changing interest rate differentials.
What This Means for Traders
For active traders, the introduction of BB, CFX, and NEO perpetual futures offers new opportunities for:
- Portfolio diversification across emerging blockchain ecosystems
- Leveraged speculation with up to 20x or more (depending on platform rules)
- Hedging strategies against broader crypto market swings
- Arbitrage possibilities between spot and futures markets
Moreover, perpetual contracts allow traders to maintain long or short positions indefinitely through periodic funding payments—making them ideal for both short-term scalpers and longer-term trend followers.
Frequently Asked Questions (FAQ)
Q: What are perpetual futures?
A: Perpetual futures are derivative contracts that allow traders to bet on the future price of an asset without an expiration date. They use a funding rate mechanism to keep prices aligned with the underlying spot market.
Q: Why trade BB, CFX, or NEO futures instead of buying the coins directly?
A: Futures enable leverage, short-selling, and hedging—features not available when simply holding the asset. They’re ideal for traders seeking amplified returns or risk management tools.
Q: When exactly will the markets open?
A: BB-PERP, CFX-PERP, and NEO-PERP will launch on September 5, 2024, at 09:30 UTC or shortly after, according to Coinbase International’s official announcement.
Q: Are perpetual futures risky?
A: Yes. Due to leverage, losses can exceed initial deposits. Traders should understand margin requirements, liquidation risks, and market volatility before participating.
Q: How does macroeconomic data affect crypto futures?
A: Strong economic indicators (like NFP) can boost risk appetite, lifting crypto prices. Conversely, unexpected weakness may trigger sell-offs. Monitoring macro trends helps anticipate market moves.
Q: Can I trade these futures on all Coinbase platforms?
A: No. These perpetual futures will be available exclusively on Coinbase International, which operates separately from Coinbase’s U.S.-based services due to regulatory constraints.
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Final Thoughts
The launch of BB, CFX, and NEO perpetual futures marks a significant step forward for Coinbase International in offering comprehensive derivatives products. As the crypto market matures, access to innovative financial instruments becomes essential for both retail and institutional participation.
With Bitcoin nearing its all-time high and altcoins gaining traction, platforms that support diverse trading options will play a crucial role in shaping the next phase of digital asset adoption. Whether you're interested in cutting-edge blockchains like BounceBit or established ecosystems like Neo, now is an opportune time to explore new avenues for engagement.
By combining technical innovation with responsive product development, Coinbase International is positioning itself at the forefront of the global crypto derivatives race—offering traders more ways than ever to participate in the future of finance.