Coinbase Bitcoin Card and Perpetual Futures to Launch in Fall 2025

Coinbase is making a large step to move crypto ahead towards mainstream use and advanced trading. During the 2025 State of Crypto Summit, the United States based exchange revealed two important products: the Coinbase One Card with Bitcoin rewards and an imminent CFTC-compliant crypto perpetual futures platform for U.S. traders.

Source: Coinbase Twitter Handle

Coinbase One Card: Real-World Bitcoin Rewards

It is set to launch in fall 2025, the One Card is backed by American Express, marking one of the strongest collaborations among traditional finance and digital finance. Card users will earn up to 4% return in Bitcoin on every buy. It enables instant crypto-to-fiat conversion, which eventually results in making the spending process seamless and familiar.

The management says the card is designed for both beginners in crypto and experienced users, offering security and ease of use through the trusted AmEx network. The card also ensures AmEx-level benefits, while rewarding spending in the biggest cryptocurrency BTC.

Industry watchers are of the opinion that the move could drive new adoption. “It is not just a rewards card, it is a bridge for the crypto community and the real world,” said one analyst at the event. However, some critics focused that converting BTC to fiat currency at the point of sale does not fully show the decentralized values of cryptocurrency.

U.S. Launch of Perpetual Futures Trading

In another major update, Coinbase confirmed plans to introduce cryptocurrency perpetual futures trading in the US. The product will be regulated by the CFTC (Commodity Futures Trading Commission). It is a part of the increasing effort of the exchange to provide more advanced tools to American users.

This enable traders to speculate on the price of digital currencies without expiration dates, and generally include leverage. The exchange has already experienced early success with 24 hours Bitcoin and Ethereum futures beyond the United States. It is now operating to bring those capabilities to domestic markets.

VP of Product at Coinbase, Max Branzburg, mentioned that the product will meet all the mandatory regulatory standards. He further added “We are developing a futures offering that offers the traders of US safe, compliant access to the products they want,”.

With competitors like Hyperliquid and COTI already exploring regulated decentralized futures, this move by the exchange to offer centralized, compliant such perps could reshape the U.S. crypto derivatives industry.

DEX Trading Now Inside Coinbase

In another update, Coinbase stated that within its application, it is going to include decentralised exchange trading. It will give access to the users to thousands of Base chain assets. This expands trading beyond the small number of crypto currently offered on the CEX.

This step is a sign that Coinbase is embracing on-chain finance, enabling users to connect directly to DeFi markets without the need of leaving the exchange. It’s also a move to compete with other decentralized exchanges that have been getting attention.

Bigger Picture: Merging TradFi with Crypto

These updates are part of a broader strategy of Coinbase to combine traditional finance (TradFi) with digital finance (crypto). Allowing users of real-world ways to spend and invest into digital assets. The American Express connection gives a robust institutional credibility, and CFTC-regulated futures gives security and stability to serious investors.

The market sentiment reacted in a good way towards the announcements, with the analysts commenting that the tools could stimulate both on-chain activity and institutional volume in the United States.

Conclusion

Coinbase remains in the forefront of compliant innovation with products both suiting daily spenders and experienced traders alike, without crossing into regulatory territory.