Coinbase announced a Bitcoin-backed credit card and CFTC-compliant perpetual futures for US customers. The exchange made the revelation during its annual State of Crypto Summit on June 12. Perpetual futures for US traders Max Branzburg, head of consumer and business products, said Coinbase will soon list perpetual futures contracts for domestic users under the Commodity Futures Trading Commission (CFTC) oversight. The exchange already offers futures cleared through a regulated venue for global users, and the new products will mirror offshore perpetuals while remaining subject to U.S. margin and clearing rules. Branzburg noted that derivatives represent 75% of global crypto turnover and reported that Coinbase International Exchange handled $5 billion in retail perpetual volume in May alone. He said: “We are not ready to let crypto derivatives trading be a non-U.S. phenomenon.” The Coinbase executive added that the launch will give domestic traders access to “the most powerful crypto trading product on the market… on the safest exchange.” Coinbase One Card The exchange introduced the Coinbase One Card, issued by First Electronic Bank and cleared on the American Express network. The card will launch in the fall of 2025 and offer up to 4% back in Bitcoin (BTC) on every purchase. Repayments can be drawn from linked bank accounts or crypto balances held on the exchange, and the issuer will charge no foreign transaction fees. Only Coinbase One subscribers will receive the card. Membership costs $49.99 a year and waives trading fees on the first $500 of monthly spot volume, raises USDC rewards to 4.5% on the first $10,000, boosts staking yields by 5% on eligible assets, and covers $10 in Base smart wallet gas each month. Cardholders will also gain access to American Express Experiences and retail offers. Coinbase said customers who keep larger balances on the platform will earn higher bitcoin rebates.