Crypto derivatives trading took a step forward as Coinbase CEO Brian Armstrong shared on social media platform X on Sept. 3 that the exchange raised its maximum leverage on international perpetual futures from 20x to 50x. Armstrong posted: “We just bumped up the max leverage from 20x to 50x on international perpetual futures. A bunch of traders asked for this update. Let us know what else we can add!” The move, framed as a response to trader demand, positions Coinbase to more directly compete with exchanges that have long offered high-leverage products. For traders, this means the potential for dramatically amplified gains but also heightened risk of liquidation, as even small price movements can wipe out an entire position. The update underscores Coinbase’s focus on catering to more sophisticated, risk-tolerant traders outside the U.S. and its commitment to evolving its platform based on community feedback.

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