Perpetual futures trading on Merlin Chain ($MERL) will officially launch on December 18, 2025.
If liquidity conditions are met, the MERL-PERP trading market will open in supported regions at or after 9:30 AM UTC.
Retail traders in some regions can trade perpetual futures through the Coinbase Advanced platform. Institutional investors in some regions can trade perpetual futures directly through the Coinbase International Exchange platform.