Coinbase Advanced (Futures) — review, real fees and net cost

Name: Coinbase Advanced (Futures)
Brand: Coinbase

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.

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.