Haciyev Reşit 
A notable development has taken place in the crypto derivatives market. Coinbase Futures announced that it will list a perpetual futures market for Midnight (NIGHT). This move offers investors greater flexibility to implement strategies based on NIGHT’s price movements, while also opening a new trading channel that could increase the asset’s visibility and trading diversity in the derivatives market.
When Will NIGHT Perpetual Futures Go Live?
According to Coinbase’s announcement, the NIGHT perpetual futures market is expected to go live on January 15, 2026, at 12:30 (UTC+3), provided sufficient liquidity conditions are met. The launch will be carried out gradually depending on market conditions, and only users in regions supported by Coinbase will have access to these trades. This approach aims to support stable price formation and smooth trading activity.
Coinbase is offering access through two separate channels:
- Retail investors: Eligible users in certain jurisdictions will be able to access NIGHT perpetual futures via Coinbase Advanced.
- Institutional investors: Institutions located in supported regions will be able to trade perpetuals directly through the Coinbase International Exchange.
This structure aims to ensure that both retail and institutional investors can participate in the NIGHT futures market in a controlled and regulation-compliant manner.
What Is Midnight (NIGHT)?
Midnight (NIGHT) stands out as a project focused on security, scalability, and privacy-oriented solutions. The protocol provides mechanisms that enable users to transact more securely on-chain, while also aiming to offer developers a more robust infrastructure. The NIGHT token serves as the native asset of this ecosystem and plays a key role in transaction fees, governance processes, and incentive mechanisms. The expanding use cases of Midnight and the growth of its developer community are among the main factors supporting the token’s integration into derivatives markets.
What Do NIGHT Futures Mean for the Market?
The introduction of perpetual futures could contribute to increased liquidity and more balanced, efficient price discovery for NIGHT. Leverage options are expected to attract investors seeking to benefit from short-term price movements, potentially strengthening trading volume and market depth.
Coinbase Futures’ decision to launch a perpetual futures market for NIGHT stands out as an important step that expands derivatives product diversity and provides investors with new opportunities to apply strategies under different market conditions. As liquidity conditions are met, NIGHT may begin trading more actively and with greater depth in the futures market, potentially leading to increased market interest.
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