Coinbase has introduced 24/7 trading for Bitcoin and Ethereum futures, capitalizing on the growing demand in the derivatives market. This announcement follows their recent acquisition of Deribit, highlighting the exchange's strategic move to enhance its offerings in a trillion-dollar market.

CME Ethereum futures trading volume soared to a record $118 billion in July, marking an 82% increase from the previous month. Open interest also surged by 75% to reach $5.21 billion, reflecting a heightened demand for Ethereum as the price climbed above $4,300. The overall ETH futures market across all exchanges hit an all-time high of $2.12 trillion during the same period.