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Coinbase Brings BTC, ETH and SOL Derivatives to Canada as Eric Richmond Pushes ‘Everything Exchange’ Vision

Published 07 September 2026
Giuseppe Ciccomascolo
Authors

Key Takeaways

  • Coinbase has launched 23 regulated perpetual and dated futures contracts for eligible Canadian clients, including contracts tied to Bitcoin, Ether, and Solana.
  • The exchange also offers commodity and index futures, nano-sized contracts, and leverage of up to 10 times through Coinbase Financial Markets.
  • Coinbase Canada CEO Eric Richmond said the rollout advances the company’s “Everything Exchange” vision, with broader access dependent on regulatory approval.

Coinbase has launched regulated crypto derivatives for eligible Canadian investors, expanding its local offering beyond spot trading as it pursues its ambition to become an “Everything Exchange.”

The new product suite gives permitted clients access to 23 perpetual and dated futures contracts, including products tied to Bitcoin (BTC), Ether (ETH), and Solana (SOL). Coinbase is also offering five commodity futures covering assets such as gold, silver, and oil, as well as index products, including COIN50 futures.

The contracts are offered through Coinbase Financial Markets (CFM), a futures commission merchant registered with the US Commodity Futures Trading Commission and an NFA member. In Canada, the offering is initially available to permitted clients under an international dealer exemption.

Coinbase Canada CEO and Country Director Eric Richmond said the launch brings products that Canadian traders have historically accessed through offshore or unregulated platforms onto a regulated venue.

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Coinbase Targets Canada’s Derivatives Gap

Crypto derivatives represent a significantly larger market than spot trading, with global derivatives volume estimated at roughly 4.4 times that of spot trading. Despite that demand, Canadian investors have had limited access to regulated crypto futures platforms.

“Canadian traders have wanted regulated derivatives for a long time,” Richmond told CCN, adding that much of the activity had previously occurred through offshore or unregulated channels.

The exchange is targeting sophisticated traders and institutions that use derivatives to hedge risk, manage exposure, or speculate on market direction

According to the Bank of Canada, around one-third of publicly listed Canadian non-financial corporations use derivatives to hedge against financial risks.

Richmond said interest in crypto derivatives has grown alongside wider adoption of onchain and tokenized financial products. Bringing the contracts onshore, he argued, allows eligible investors to express market views without turning to overseas platforms.

Nano Contracts Offer Up to 10 Times Leverage

Coinbase has structured the offering around nano-sized contracts, which require less upfront capital than conventional futures products. Eligible traders can take long or short positions with leverage of up to 10 times their capital.

That leverage increases capital efficiency but also raises the potential for substantial losses, which can exceed a trader’s initial investment.

Coinbase is introducing the products with promotional pricing of 0.02% per trade plus a flat $0.11 charge per contract.

The combination of smaller contract sizes and launch pricing is intended to make derivatives more accessible while retaining the liquidity and risk-management functions sought by experienced investors.

The company stressed that access remains subject to eligibility requirements and that futures may not be appropriate for every investor.

What Comes Next for Coinbase in Canada?

Coinbase plans to broaden its range of regulated crypto products in Canada, although Richmond acknowledged that any expansion will depend on the regulatory process.

“For our derivatives products, we are excited to be starting with permitted clients,” Richmond said. “Our larger goal is to bring the full Everything Exchange to Canada, so more people have one trusted place to trade, pay, save, and grow.”

He described the derivatives launch as part of a wider product rollout rather than a standalone initiative.

“A consistent rollout of new products is part of what building the Everything Exchange looks like in practice,” Richmond said. “Adding derivatives to our product base is another step toward our vision of one trusted place to trade, pay, save, and grow.”

Richmond added that derivatives play an important role in allowing investors to control their exposure and respond to changing market conditions.

“These products are an important part of how investors hedge risk, manage exposure, and take a position on the market,” he said. “Offering derivatives on a regulated platform alongside spot trading puts these tools within reach of more permitted investors in Canada.”

Coinbase is now working with Canadian authorities to advance its broader expansion plans.

“Getting there depends on the regulatory process, and we’re working closely with Canadian regulators to move it forward,” Richmond said. “We look forward to more announcements about our product base in the near future.”

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Giuseppe Ciccomascolo

Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors.

Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.

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