Costs, licensing, consumer protection Privacy, self-custody, censorship resistance
S D Crypto Derivatives Exchanges (Futures/Perp)

Coinbase Advanced (Futures)

Coinbase

Coinbase Global, Inc. (operatore derivati: Coinbase Derivatives, LLC, ex FairX/LMX Labs)

Status
Publicly traded
Legal HQ
USA
Founded
2012
Corporate site
coinbase.com
Listed on
Nasdaq: COIN
IPO
Apr 14, 2021

Coinbase Derivatives, LLC (formerly FairX, acquired by Coinbase in January 2022) is a CFTC-registered Designated Contract Market (DCM) since 2020. CFTC futures and perpetual-style futures serve eligible US customers via Coinbase Financial Markets; non-US perpetuals run through Coinbase International Exchange (regulated by the Bermuda Monetary Authority). Coinbase Global, Inc. is listed on Nasdaq (COIN) since April 14, 2021.
4.7/5 0.8/5
Taker fee 0.6%

Data verified on unchanged since the sources

Worth it if you trade as a maker and want a supervised venue: 0% maker fee, MiFID II in Europe and CFTC oversight in the US, with leverage capped at 10x.

Avoid it if you mostly take liquidity or want high leverage: the 0.6% taker fee is not the lowest and the cap stays at 10x, with the SEC lawsuit still open.

Visit official website ↗

Coinbase Futures stands out for combining MiFID II authorisation in Europe, CFTC oversight in the US and a NASDAQ listing, with 0% maker fees. The SEC lawsuit is still ongoing and its taker fees, though competitive, are not the lowest on the market.

73
Transparency: Medium
73/100 · see methodology
73
Data exposure: Medium
73/100 · lower is better for sovereignty · methodology

Data & conditions

Maker / Taker fee 0.4% / 0.6%
Markets Derivatives
Max leverage 10×
Supported assets 250+
Trading pairs 199+
Fiat on-ramp Yes
Deposit methods ACH, wire (FedWire), USD balance, USDC
Geo restrictions GB, non-US (perp via Coinbase International)
Fund custody Custodial (platform holds funds)
KYC Full
Supported countries US, EEA · 27+ countries
Regulator CFTC, SEC, NFA, state MTL
OAM Italy registration No
Segment B2C
MiCA / License status CFTC US CASP (EU); MiFID II (26 paesi); CFTC (USA)

Strengths

  • Unique with MiFID II EU + CFTC USA + NASDAQ publicly traded; 0% maker fee.
  • No notable sovereignty advantage documented.

Weaknesses

  • Causa SEC; fee taker not the lowest.
  • Custodial: the platform holds your funds and can freeze or lose them.
  • Full KYC required: verified identity, zero pseudonymity.
  • Subject to regulation (CASP (EU); MiFID II (26 paesi); CFTC (USA)): reporting to authorities and freezes on order.
  • Geographic restrictions (GB, non-US (perp via Coinbase International)).

Verdict

S D ★ 4.7/5 ★ 0.8/5

The S is the lens where Coinbase shines: it is the only one combining MiFID II authorization in Europe, CFTC oversight in the US and a NASDAQ listing, with 0% maker fees and prudent leverage capped at 10x — the most protective profile for the average user. The still-open SEC lawsuit and 0.6% taker fees, competitive but not the lowest, are the only blemishes on a top-tier protection picture.

What counts most for protection counts least here: full custody, full KYC and the lowest privacy score in the group make Coinbase the regulated model par excellence, the antithesis of crypto-native. Its public listing and CFTC oversight are institutional guarantees, not freedom from identification or counterparty.

Privacy & anonymity 30% 0.5
Fund control 20% 0.0
Censorship resistance 20% 2.3
Costs 10% 0.0

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.

Reputation

What happened to people who used Coinbase Advanced (Futures), and what users say. External signals: they do not feed the promp.it rating.

Incidents & regulatory actions

History not verified

We have not yet completed the incident search for this service: no entries here does not mean no events.

Public reviews

4.7/5 1,796,817 reviews
  • App Store ↗ 4.7/5 1,796,817 reviews

    Exact figure from the iTunes lookup (US storefront, id 886427730), re-verified by the orchestrator. Measures the whole Coinbase app, not the futures/derivatives product (Coinbase Advanced) specifically.

Weighted average across 1 public review platform (1,796,817 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.

FAQ

What are Coinbase Advanced (Futures)'s fees?

On Coinbase Advanced (Futures), spot fees are maker 0.4% / taker 0.6%. They drop with monthly volume and VIP tier.

Is Coinbase Advanced (Futures) regulated in Europe?

Regulatory status of Coinbase Advanced (Futures): CASP (EU); MiFID II (26 paesi); CFTC (USA). Licence: CFTC US.

Does Coinbase Advanced (Futures) publish Proof of Reserves?

Proof of Reserves publication is not documented for Coinbase Advanced (Futures). No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.

Can I send transfers to third-party IBANs from Coinbase Advanced (Futures)?

No, Coinbase Advanced (Futures) is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.

Does Coinbase Advanced (Futures) support derivatives and futures?

Coinbase Advanced (Futures) offers derivatives trading, with up to 10x leverage.

Sources

Show 8 more sources

Update history

✓ Terms unchanged since Jun 1, 2026

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