Professional investors get access to 170+ derivatives contracts on Coinbase UK. COIN stock technicals show bearish momentum as expansion continues. CPI data next.
Alpha Score of 37 reflects weak overall profile with poor momentum, weak value, poor quality, strong sentiment.
Coinbase on Tuesday said it is rolling out futures, perpetuals, and options in the UK, giving professional investors access to over 170 contracts across crypto, stocks, commodities, and forex. The exchange targets qualified clients classified as professional under FCA rules, offering perpetuals with 24/7 trading and up to 50x leverage, dated futures with up to 20x leverage, and crypto options that support calls and puts along with multi-leg strategies.
The launch follows Coinbase's acquisition of a MiFID license from the Financial Conduct Authority last month, which cleared the way for derivative contract trading in the UK. “This launch is part of our global commitment to build a unified, borderless, and fully transparent derivatives ecosystem. It gives professional traders the tools to navigate any market,” said Keith Grose, CEO of Coinbase's UK arm.
The move continues Coinbase's push beyond spot crypto trading into a multi-asset platform. Earlier this year the exchange rolled out 24/5 US stock trading to all UK users, letting them buy and sell US stocks alongside crypto and fiat in the same app.
COIN stock was up 0.40% in premarket trading Tuesday after closing 3.20% lower at $148.68 on Monday. The broader US stock market fell after Iran refused to reopen the Strait of Hormuz. On the chart, Coinbase shares remain below the 20-day and 50-day exponential moving averages near $162, and the short-term price direction favors sellers unless buying pressure picks up.
AlphaScala's proprietary Alpha Score assigns COIN a 27 out of 100, labeling the stock Weak. The score reflects the stock's recent underperformance and technical headwinds. Readers can track the COIN stock page for updates.
In the broader crypto market, Bitcoin rebounded slightly after dropping more than 2% over the past 24 hours. It traded near $64,134 with a 45% jump in volume. Prediction markets put 26% odds on Bitcoin dipping below $60,000 in August, with Wednesday's US CPI inflation data as the next catalyst.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.