Coinbase adds perpetual futures for GRAM, GRASS, QNT, and ZRO

The announcement came on November 11, 2026, giving traders a two-day runway before the new markets go live. The lineup includes tokens from a messaging-app blockchain, a bandwidth-sharing network, an enterprise interoperability project, and a cross-chain messaging protocol.

What Coinbase is launching

Perpetual futures, or perps, are derivative contracts that track an asset's price without ever expiring. They allow traders to bet on price movements without holding the underlying token, often involving leverage that amplifies both gains and losses.

The new markets will be accessible to both retail and institutional participants through Coinbase and Coinbase Advanced. Liquidity will also be drawn from Deribit in selected jurisdictions.

Deribit's parallel rollout

Deribit is launching its own version of perpetual contracts for the same four tokens with a fifth addition, PEARL. These contracts will be USDC-settled, meaning profits and losses are paid out in the dollar-pegged stablecoin rather than in the traded token itself.

Four tokens, different applications

GRAM is the native token of The Open Network, previously known as Toncoin (TON) until a June 2026 rebrand. GRASS powers a Solana-based DePIN network utilizing unused internet bandwidth for AI-driven data collection. QNT supports Quant Network's Overledger system for enterprise blockchain interoperability. ZRO governs LayerZero's cross-chain messaging framework.

Broader institutional push

The launch aligns with Coinbase Prime's broader initiative to expand institutional access to crypto markets, reflecting the growing sophistication of digital asset offerings.