Coinbase has announced the listing of Moonbird (BIRB) perpetual futures contracts on its advanced trading platform, marking a significant expansion of its derivatives offerings. This move follows the earlier integration of BIRB into Coinbase's spot market, enhancing trading flexibility for both institutional and retail participants. The listing is expected to boost liquidity and mainstream financial integration for the Moonbird ecosystem. The introduction of BIRB perpetual futures responds to growing market demand for sophisticated trading instruments. These contracts, which lack an expiry date, are commonly used for leveraged positions and hedging strategies. The BIRB-USDT trading pair will be available on Coinbase Advanced Trade, with leverage options consistent with the platform's existing risk framework. This development aligns with a broader institutional push into altcoin derivatives, strengthening Coinbase's competitive position. Coinbase's decision to list BIRB futures comes amid a rapidly evolving regulatory landscape for crypto derivatives in the U.S. The exchange operates under a designated contract market license, ensuring compliance with CFTC standards. This regulatory scrutiny provides investor protection and signals maturity for the Moonbird project, potentially encouraging other exchanges to follow suit.