Coinbase Adds 50x Crypto Perps to Base App Through Hyperliquid

In brief

• Coinbase is adding perpetual futures to Base App through Hyperliquid, offering eligible users leverage of up to 50x.
• Coinbase says perps account for roughly 75% of crypto trading volume and are the most requested feature among Base App's power users.
• The launch follows a shift away from Base's earlier focus on social features toward trading, payments, and AI agents.

Coinbase announced Wednesday that it is bringing leveraged crypto derivatives to the Base App, allowing eligible users to trade perpetual futures with leverage of up to 50x through Hyperliquid.

The integration gives users access to more than 290 perpetual futures markets, including Bitcoin and Ethereum, along with markets tied to stocks and commodities.

"Perps are where the volume is—roughly 75% of all crypto trading today is perps, not spot," Coinbase Head of Engineering Chintan Turakhia told Decrypt, calling them "the single most requested feature from our power users."

Perpetual futures, or perps, are derivatives that let traders bet on whether an asset's price will rise or fall without owning it. Unlike traditional futures, they don't expire. Traders can use leverage to control larger positions with less capital, increasing potential gains and losses.