EconomyCoinbase’s $104M US500 trading spike faces an early reality check

Coinbase’s US500 futures briefly reached $104 million in matched volume, providing an early test of whether a crypto-native trading mechanism can extend into regulated US equity markets. About 15 hours after the milestone was posted, the product page showed $7.22 million in 24-hour volume and $3.01 million in open interest. The product combines crypto-style funding with a five-year, cash-settled equity-index future tied to MarketVector’s proprietary US500 benchmark.

CoinbaseUS500 futurestrading volumeUS markets

CCryptoSlate★★☆☆☆2026-08-29 21:02Original