By Key Points
- Coinbase will introduce BNB perpetual futures on April 3, 2025.
- This move strengthens Coinbase’s derivatives market against Binance.+
- BNB’s exposure on Coinbase could boost demand and market activity.
- Traders should be aware of leverage risks and price volatility.
Coinbase is making a bold move in the crypto derivatives market by adding BNB perpetual futures to its International Exchange and Coinbase Advanced platform. The new contracts will go live on April 3, 2025, at 9:30 AM UTC or later, allowing traders to gain exposure to BNB without worrying about expiration dates.
This strategic expansion positions Coinbase as a stronger competitor to Binance, which has long dominated the BNB trading space. With Binance frequently making bold listing moves—like this 24x volume surge following a wallet update—Coinbase’s entry into BNB futures could shift market dynamics.
Coinbase confirmed the move in an official statement:
We will add support for BNB perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our BNB-PERP market will begin on or after 9:30 am UTC 3 APRIL 2025. $BNB pic.twitter.com/fQfjaOMrjx
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) March 27, 2025
The announcement was also shared by Coinbase Traders, the platform’s official advanced trading account on X (formerly Twitter).
How This Impacts Traders and BNB Holders
For traders, the introduction of BNB perpetual futures offers a new way to gain exposure to BNB price movements without holding the actual asset. Since perpetual futures don’t expire, traders can maintain their positions for as long as needed. However, the high leverage potential means increased risks of liquidation, similar to those seen in recent high-stakes market events like the $14B quarterly options expiry.
For BNB holders, the listing on Coinbase International Exchange expands the token’s market reach. This follows the trend of BNB gaining traction on multiple exchanges, as seen in recent token listings that boosted trading volumes.
Additionally, the BNB listing on Coinbase could drive more BNB trading activity on decentralized platforms like PancakeSwap, which has seen its TGE events surge by 2300% in the past. (Read about Binance Wallet and PancakeSwap’s latest moves).
CZ’s Response and Market Sentiment
Following Coinbase’s announcement, Binance founder Changpeng Zhao (CZ) took to X, stating:
No one applied for this. Focus on building. Listing comes naturally. #BNB https://t.co/dF0cTDqTDy
— CZ 🔶 BNB (@cz_binance) March 28, 2025
His remark implies that BNB’s growth and adoption are organic, rather than influenced by exchange listing requests. However, some crypto users challenged this perspective, arguing that the listing process lacks transparency.
One X user responded:
Coinbase Advanced is adding support for $BNB perpetual futures.
The opening of the BNB-PERP market will begin on or after 9:30 am UTC 3 April 2025. pic.twitter.com/qD32TeXstr
— Coinbase Traders (@coinbasetraders) March 27, 2025
This debate ties into the broader crypto conversation about decentralization and fairness, which has been a hot topic in the industry. Similar concerns were raised after Binance introduced its new paid messaging system, where users must pay 125 BNB to reach CZ.
Meanwhile, BNB’s price reacted with slight volatility, trading at $628.40, down 2% in the last 24 hours. As seen in other recent crypto surges, like the 44% jump in Ghibli Token, listings can significantly impact token demand.
BNB Price Performance. Source: – Techtoken
With BNB perpetual futures now available on Coinbase, traders will have another way to speculate on BNB price movements. However, as with all leveraged products, the risks are high, and market swings could be brutal.
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