Coinbase Adds 50x Crypto Perps to Base App Through Hyperliquid

Coinbase has added 50x leveraged crypto derivatives to its Base App through Hyperliquid, enabling eligible users to trade perpetual futures with high leverage. The integration provides access to over 290 perpetual futures markets, including Bitcoin, Ethereum, stocks, and commodities. Leveraged crypto trading, also known as perpetual futures or perps, makes up roughly 75% of today's crypto trading volume.

Perps allow traders to bet on an asset's price movement without owning it and can use leverage to control larger positions with less capital. Coinbase Head of Engineering Chintan Turakhia stated that perps are the most requested feature from power users, driving their stay with advanced trading tools while retaining self-custody.

The product is currently unavailable in the U.S., UK, Canada, and other jurisdictions with restrictions on leveraged crypto derivatives.