Coinbase Derivatives has launched perpetual futures contracts for SOMI and 0G, effective October 9, 2025, targeting U.S. institutional and professional investors. These contracts, SOMI-PERP and 0G-PERP, offer up to 10x intraday leverage and operate continuously, contingent on liquidity conditions. The contracts employ a funding rate mechanism to align with spot market prices and are structured as five-year forward derivatives, simplifying long-term strategies. SOMI is a metaverse-based digital asset, while 0G combines AI and blockchain technology. The introduction of these regulated perpetual futures aims to enhance liquidity and competitiveness in Coinbase's derivatives market, addressing the demand from U.S. traders who previously relied on unregulated offshore platforms. Perpetual contracts dominate over 90% of global crypto derivatives volume, often exceeding $50 billion in daily trading on offshore exchanges.