Coinbase is rolling out perpetual futures contracts for two semiconductor-focused ETFs, the Roundhill Memory ETF (DRAM) and the Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL), with trading set to begin on July 16, 2026.
What’s actually launching
Perpetual futures are contracts that let you bet on an asset’s price with leverage and no expiration date. You can go long or short on DRAM and SOXL with borrowed money, and you never have to roll your position into a new contract like you would with traditional futures.
Coinbase has been offering this type of product for major US stocks since March 20, 2026, available to eligible users who are predominantly located outside the United States. The leverage on these perpetual futures can range from 10x to 20x, though the specific caps, margin requirements, and eligibility details for the DRAM and SOXL contracts haven’t been finalized publicly yet.
The key selling point is 24/7 access. Traditional ETF markets close at 4 p.m. Eastern and take weekends off. Neither product involves any crypto token. These are futures contracts priced against traditional ETFs, just hosted on crypto infrastructure.
