What does this mean for traders?

Coinbase International Exchange and Coinbase Advanced will be introducing support for BNB permanent futures starting next week.

This development marks a significant expansion of Coinbase’s derivatives products. The BNB-PERP market will be available on April 3, 2025 after 9:30am on UTC.

Coinbase supports permanent contracts for BNB

In an official statement, Coinbase International Exchange confirmed the move and revealed plans to add support for BNB permanent futures starting next week.

“We are adding support for BNB Perpetual Futures for Coinbase International Exchange and Coinbase Advanced. The opening of the BNBPERP market will begin after 9:30am on April 3, 2025.” Read the announcement.

Coinbase Traders, the official account for advanced trading on the platform, reflected the announcement in a post on X (Twitter). Introducing BNB permanent futures to Coinbase’s international platform offers new opportunities for traders.

For Coinbase users, this means access to permanent futures contracts, a type of derivatives that have no expiration date. This allows traders to hold positions indefinitely. This feature is available in Coinbase International Exchange, non-US users, and Coinbase Advanced tailored to experienced traders.

The move has strengthened Coinbase’s derivatives market and positioned the exchange as a competitor to Binance, which already supports BNB futures. By expanding its futures offering, Coinbase can increase traders looking for diverse investment opportunities.

For BNB users, a list of major global exchanges, such as Coinbase International, expands market reach and trading opportunities. This increase in exposure could affect the market value of BNB due to increased demand and increased trading volume.

Changpeng Zhao’s response raises criticism

For BNB, listing it in a prominent exchange like Coinbase improves its accessibility and reliability. Traders should be aware of speculative price movements and volatility surrounding launches, but this increased availability could drive adoption. Binance founder Changpeng Zhao (CZ) commented on the development.

“No one applied for this. We’ll focus on the buildings. The list comes naturally. BNB.”

His remarks suggest that, rather than directly listing applications, the strength of the vinance ecosystem will drive the growth and adoption of BNB.

Market sentiment is rare, with some traders expressing optimism about the future of BNB. Meanwhile, others have challenged the Coinbase “nature list” of BNB’s lasting future, questioning the transparency and fairness of the selection process.

“Does the listings have naturally? Doors that are open naturally are often already open for some people and locked for others. If there is no application, who will decide who is listed “naturally”? True decentralization isn’t knocking – that’s to remove the doorman.”

This critique coincides with the broader blockchain debate on new decentralization. This is expected to control trust and disparity rather than creating new gatekeepers.

Nevertheless, in a lasting future, leverage opportunities become a key factor. Coinbase’s BNB traders can control larger positions with less capital. In particular, leverage can amplify potential benefits, but also increases the risk of significant losses.

Performance at BNB price. Source: Beincrypto

Meanwhile, Beincrypto data shows that BNB has traded at $628.40 at the time of this writing, a decline of almost 2% over the past 24 hours. This list is also expected to increase BNB liquidity and volatility, especially on a daily basis.