Coinbase to Offer 24/7 Bitcoin and Ether Futures Trading; Trump's Bitcoin Reserve Plan Sparks Market Volatility

Coinbase announced on March 10 its plans to launch 24/7 trading for Bitcoin (BTC) and Ether (ETH) futures to U.S. residents, aiming to address inefficiencies caused by fixed hours and expiring contracts in the current crypto derivatives market. This move positions Coinbase against competitors like CME Group, which saw a $10 billion average daily trading volume for crypto derivatives in Q4 2024, and Robinhood, which also plans to offer Bitcoin and Ether futures. Meanwhile, last Friday, following President Trump's executive order to establish a U.S. Bitcoin reserve and digital asset stockpile, the crypto market experienced selling pressure, driving Bitcoin's price below $80,000 for the second time in three weeks. Analysts, including Kai Warwzinek from Impossible Cloud Network, criticized the order for lacking clear details, leading to market caution. As of March 9, annualized BTC volatility spiked to 62.67%, the highest in over three months. The U.S. government currently holds 198,109 BTC, valued at approximately $16 billion. Despite short-term market concerns, Bitwise CIO Matt Hougan remains optimistic about the market's long-term prospects.