Coinbase announced on Wednesday that it has introduced leveraged crypto derivatives within its Base App, allowing eligible users to trade perpetual futures with up to 50x leverage via Hyperliquid. This integration provides access to over 290 perpetual futures markets, including Bitcoin and Ethereum, as well as markets tied to stocks and commodities. Chintan Turakhia, Head of Engineering at Coinbase, stated that perpetual contracts are a major source of crypto trading volume, accounting for approximately 75% of current crypto trading, and are "the most requested feature by advanced users." However, the product is not available in the United States, United Kingdom, Canada, or other jurisdictions that restrict leveraged crypto derivatives.