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Coinbase to Launch CFTC-Compliant Perpetual Futures Trading in U.S.

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Coinbase announced plans on Thursday to introduce perpetual futures trading in the United States, with the product designed to comply with regulatory standards set by the Commodity Futures Trading Commission (CFTC). The move represents a significant expansion of the crypto exchange’s derivatives offerings as the broader market anticipates lighter regulation and displays renewed investor risk appetite.

“We recently launched first-of-its-kind 24/7 futures trading, and I’m excited to share that we’ll soon be launching CFTC-compliant perpetual futures trading in the U.S. as well,” said Max Branzburg, Coinbase’s vice-president of product, speaking at the State of Crypto Summit in New York.

Perpetual futures are a form of crypto derivatives that allow traders to speculate on token prices without an expiry date. These contracts provide continuous trading access, often with high leverage, and have grown in popularity as fast-moving markets attract both institutional and retail traders seeking to hedge risk, amplify returns, or speculate on price movements without holding the underlying digital assets.

The expansion comes amid heightened competition among crypto exchanges racing to offer complex products that were once limited to sophisticated market participants. Coinbase’s decision to ensure compliance with CFTC regulations may also help position the exchange favorably with U.S. regulators, as the crypto industry continues to face scrutiny from multiple government agencies.

YouTube Launches New $7.99 Subscription Plan to Compete with Streaming Giants

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On Wednesday, YouTube introduced a more affordable subscription plan, Premium Lite, priced at $7.99 per month. This new tier removes ads from most videos, except for music content, making it a more budget-friendly option for viewers who don’t primarily use the platform for music. YouTube’s move aims to better compete with streaming services like Netflix and Disney, offering a plan designed for users who rarely watch music videos or listen to music.

The new Premium Lite plan contrasts with YouTube’s existing $13.99 Premium plan, which is ad-free for both videos and music. Additionally, the $10.99 plan offers ad-free music videos but retains ads for other content, essentially reversing the focus of the new service.

YouTube has noticed a rising demand for more affordable options, particularly among users already subscribed to other music streaming services, such as Spotify, Apple Music, and Amazon Music. This demand has been most evident in the U.S. market, where competition for music streaming subscriptions is fierce.

John Harding, Vice President of Engineering at YouTube, noted that the focus of Premium Lite is to attract a larger pool of potential users who wouldn’t typically pay for YouTube’s higher-tier services. Jack Greenberg, YouTube Premium’s Product Director, added that the new plan targets users who don’t require music content but want an ad-free video experience.

The company had already tested Premium Lite in Australia, Germany, and Thailand, with positive early results showing an increase in first-time subscribers. In fact, more users have upgraded from Premium Lite to the full Premium plan than those downgrading.

YouTube also announced that it now has over 125 million paying subscribers, up from 100 million in January 2024. While advertising still makes up the majority of YouTube’s revenue—$36 billion in 2024—subscriptions are increasingly contributing to its growth. YouTube’s combined ad and subscription revenue surpassed $50 billion over the past year.