Stocks · US stock · Crypto exchange
Coinbase perpetual (COINUSDT) on QATS Prop
Coinbase (COINUSDT) is a USDT-margined perpetual future you can trade on QATS Prop TradFi challenges, one of 33 instruments on that line. It is priced from Binance, takes leverage up to 10× on the current plans, trades around the clock and never expires.
Compiled by the QATS team from the live instrument catalogue · checked
COINUSDT at a glance
- Symbol
COINUSDT, a USDT-margined perpetual future with no expiry- Challenge
- QATS Prop TradFi challenges
- Priced from
- Binance
- Listed on
- Binance and Bybit
- Max leverage
- Up to 10× on the current plans, chosen per order
- Funding
- The exchange’s funding rate, paid or received at its funding times and added to the position’s P&L
- Risk day
- Starts at 17:00 Chicago time, an accounting boundary, not a pause
- Hours
- 24/7; the stock trades 09:30–16:00 New York
What is Coinbase?
Coinbase: the largest crypto exchange in the United States.
Coinbase earns fees when customers trade crypto, plus income from holding assets for funds, from staking and from its share of the interest on USDC reserves.
Its revenue follows crypto prices and trading volume, so the stock moves with bitcoin, usually by more. Regulation of crypto in the United States is its other main driver.
- Listed on
- Nasdaq
- Sector
- Financial technology
- Main income
- Trading fees
What moves the price of Coinbase?
- Crypto prices and volume
- Active markets bring more trading fees.
- Regulation
- US rules on which tokens can be listed and how.
- Stablecoin income
- Interest earned on USDC follows short-term rates.
- Fund custody
- Holding the assets of spot crypto funds.
What do traders watch?
- Bitcoin direction
- Coinbase earnings dates
- US crypto legislation
When does COINUSDT trade?
The perpetual trades around the clock, but it follows a market that is open 09:30 to 16:00 New York time. Outside those hours, and at weekends, the book is thinner and spreads are wider.
What are the risks of trading Coinbase on a prop account?
- Results are published four times a year, after or before the New York session. A move of several percent in minutes is normal on those days.
- The market it follows is closed at weekends. A position held through the weekend meets Monday’s opening price, which can be far from Friday’s close.
- This is a perpetual contract: it has no expiry, and its price can sit slightly above or below the market it follows.
Related instruments
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Sources
Frequently asked questions
01Can I trade Coinbase with a prop firm?
Yes. Coinbase (COINUSDT) is on QATS Prop TradFi challenges as a USDT-margined perpetual, priced from Binance. It is listed on Binance and Bybit, has no expiry and trades 24/7.
02What leverage can I use on COINUSDT at QATS Prop?
Up to 10× on the current plans. You choose the leverage of each order up to that ceiling; the account’s daily loss limit and maximum loss still apply to the position.
03When can I trade COINUSDT?
The perpetual trades around the clock, but it follows a market that is open 09:30 to 16:00 New York time. Outside those hours, and at weekends, the book is thinner and spreads are wider.
Educational content, not investment advice. This page describes what the market is and does not forecast its price. Evaluation and Funded accounts are simulated; Live Funded is real capital by separate review. Which instruments an account can trade is set by its plan and checked on every order.
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