Coinbase Launches Zama Perpetual Futures as Derivatives Expansion Continues

As part of its ongoing derivatives expansion, Coinbase officially launched Zama (ZAMA) perpetual futures on February 2, 2026, adding a new contract to its growing suite of crypto derivatives products.

The launch follows Coinbase’s established rollout framework, with trading access segmented between retail and institutional participants across supported jurisdictions.

ZAMA-PERP Trading Details

The ZAMA-PERP market was scheduled to open for trading once predefined liquidity conditions were satisfied.

• Trading launch time: At or after 15:00 UTC on February 2 (approximately 23:00 local time in Bulgaria)
• Retail access: Available to non-U.S. retail traders in eligible regions via Coinbase Advanced
• Institutional access: Professional investors can trade the contracts through the Coinbase International Exchange

This structure allows Coinbase to serve both retail and institutional participants while maintaining regional compliance.

ZAMA Token Debuts Alongside Futures Launch

The perpetual futures listing coincided with the official debut of the native ZAMA token earlier the same day.

Zama is described as a cross-chain confidentiality layer that uses Fully Homomorphic Encryption (FHE) to enable private asset management and trading across different blockchain layers.

In parallel with the derivatives rollout, Coinbase added Zama to its spot trading roadmap on January 27, 2026, with spot trading pairs becoming available alongside the launch of the perpetual futures.

Market Availability Prior to Coinbase Listing

Before its debut on Coinbase platforms, ZAMA was available through pre-market trading on Binance, which began on January 9, 2026.

The coordinated timing of the token launch, spot availability, and derivatives listing marks a structured market entry for ZAMA across multiple trading venues.

Takeaway

The introduction of ZAMA perpetual futures reflects Coinbase’s continued focus on expanding its derivatives offerings in tandem with new token launches. By aligning spot and futures availability across its platforms, Coinbase is positioning itself to support both speculative and hedging activity around newly introduced digital assets.

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