Coinbase is rolling futures, perpetuals, and options out to professional clients in the United Kingdom. Access will open progressively over the coming months after the firm’s recent MiFID licence expanded what it can offer locally. Eligible professionals are set to reach more than 170 contracts across crypto, commodities, equities, and FX, with continuous trading, up to 50x leverage on perpetuals, and up to 20x on dated futures.

The product list matters less than the structure behind it. Spot crypto alone rarely matches how institutions manage risk. They hedge, short, express relative value, and keep books open outside equity-market hours. Coinbase is packaging that toolkit inside a regulated UK perimeter instead of leaving professionals to stitch together offshore venues and fragmented onboarding.

The launch also sits inside the company’s “Everything Exchange” push in Britain: one account stack for crypto, equities, and now a deeper derivatives layer. That only works if classification, suitability checks, and routing disclosures stay tight. Coinbase itself notes that orders are routed to third parties and affiliates for execution, and that the offering is limited to professional clients under CB Payments Ltd’s FCA permissions.

Watch eligibility gates, which contract types unlock first, and whether UK desks actually move hedging flow onto the platform instead of keeping it split across incumbents.