2 months ago by Coinbase Institutional 🛡️
Inside FIA Boca 2026: The Conversations Shaping the Future of Markets
FIA Boca 2026 brought together senior leaders from across the derivatives industry to discuss the future of market infrastructure, access, and trading. Across panels, roundtables, and hallway discussions, three themes consistently emerged: the transformative power of tokenization, the continuing rise of prediction markets, and the inexorable path to 24/7 trading.
Tokenization Takes Flight
Tokenized assets have been growing rapidly, increasing eightfold over the past three years, but they’re still just a small fraction of the overall market. Yet across sessions and conversations at FIA Boca, one thing was clear: nearly every firm sees tokenization as a critical part of the future.
Tokenized collateral opens the door to industry adoption of 24/7 trading. By using tokenized collateral, funds can move instantly over the weekend, enabling continuous market access. Coinbase Derivatives¹ recently committed with Nodal Clear to launch USDC as collateral later this year, helping pave the way for truly always-on trading.
While there’s still work to be done around regulation, risk management, and integration, the excitement around the possibilities with tokenization is palpable. To help bring this future closer, Coinbase plans to launch Coinbase Tokenize, a new institutional platform for tokenizing real-world assets for 24/7 global trading and programmable use.
Prediction Markets Power Up
The excitement around prediction markets was undeniable throughout the conference. Because prediction markets let people trade on real-world events from elections to economic indicators, they create an avenue for more informed trading activity, improving market efficiency.
Participants emphasized that for prediction markets to reach their full potential, they need to operate within clear, regulated frameworks and be integrated into familiar trading environments. To that end, we recently began rolling out access to prediction markets on Coinbase in the United States² to allow investors to manage prediction market positions alongside crypto, equities, and cash in a trusted, simple, and unified interface.
The Always-On Future
Crypto has always operated 24/7, and derivatives are catching up. At FIA Boca, the *Pathway to 24/7 *roundtable made three things clear. First, 24/7 trading is here to stay. Coinbase Derivatives led the way with margined 24/7 trading in May 2025, and the industry is now working through what it takes to follow. Second, liquidity and collateral remain the biggest barriers to adoption. Third, risk management is critical – firms will need scalable, resilient infrastructure to support continuous markets.
Coinbase remains committed to increasing adoption. By demonstrating the benefits of continuous trading and building infrastructure that supports 24/7 futures, we’re helping market participants move toward an always-on model — one where traders, firms, and institutions can react instantly to earnings, macro events, and weekend developments. As Liz Martin, VP of Markets at Coinbase, said: “We shouldn’t let something being difficult get in the way of progress.”
¹ Coinbase Derivatives, LLC is registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a designated contract market. For more information, please visit https://www.coinbase.com/derivatives.
*² Listed futures and swaps are offered via Coinbase Financial Markets (“CFM”), a National Futures Association member firm. *
Trading in futures involves substantial risks. You should only trade in financial products that you are familiar with and understand the associated risks, and after carefully considering whether such trading is suitable in light of your investment experience, financial position, and investment objectives. Leverage in futures trading can work for you or against you. The risk of loss using leverage can exceed your initial investment amount. Prediction markets rollout has begun; coming soon to all U.S. users.
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