Trading hours and market closures (Futures)

Futures accounts are maintained by Coinbase Financial Markets, which is a CFTC registered futures commission merchant and a member of the National Futures Association. Spot accounts are maintained by Coinbase Inc., which is not CFTC registered and is not a member of the National Futures Association. Funds held with Coinbase Inc. do not benefit from the CFTC’s customer protection regime.

Futures markets are open for trading from Sunday at 6 PM ET until Friday at 5 PM ET with a one-hour break each day from 5 PM - 6 PM ET.

You can't make trades when the market is closed or during market trading holidays, but you can queue limit and stop-limit orders or requests to cancel an open order for when the market re-opens.

Day	Time (all times are ET)
Sunday	6 PM - 12 AM
Monday	12 AM - 5 PM, 6 PM - 12 AM
Tuesday	12 AM - 5 PM, 6 PM - 12 AM
Wednesday	12 AM - 5 PM, 6 PM - 12 AM
Thursday	12 AM - 5 PM, 6 PM - 12 AM
Friday	12 AM - 5 PM
Saturday	Closed

Queue orders during a closed market

When the market is closed, you can queue limit and stop limit orders by submitting an order as usual, which will show a status of "queued."

You can also queue cancellation requests for open orders, which will be processed during the market "pre-open" period (10 minutes before market open). Cancellations of queued orders happen immediately. Orders can’t be canceled during the 30 seconds prior to market open.

Note: Market orders can’t be queued.

Liquidation risk during a closed market

You can’t be liquidated when the market is closed as no trades occur, preventing price changes in futures contracts. However, significant price movements in the underlying spot market between market close and reopen may impact the futures price at the next market open. The first trade at open sets the latest price, affecting the PnL on your positions.

To reduce liquidation risk, consider adding cash funds to your account or queueing an order to reduce your position, though execution before auto-liquidation isn’t guaranteed.

To learn more about futures, go to our full list of Coinbase futures articles.

Information provided is not investment advice. Funds held with Coinbase Inc. do not benefit from the CFTC’s customer protection regime. Access to the referenced financial products requires user eligibility, and may not be available in all jurisdictions. The risk of transacting in futures can be substantial and may not be suitable for everyone, possibly resulting in a loss of funds greater than the total amount of funds you have on deposit in your CFM account, together with any funds in your Coinbase Inc. account or any other accounts held with Coinbase affiliates. Leverage in futures trading can work for you or against you. The risk of loss using leverage can exceed your initial investment amount. Please review the CFM Futures Risk Disclosure Statement for more information. Coinbase Financial Markets makes no representation on the suitability of information provided or to a particular financial product.

Coinbase Financial Markets is a member of National Futures Association (NFA) and is subject to NFA's regulatory oversight and examinations. However, NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets.