Coinbase adds perpetual futures for GRAM, GRASS, QNT, and ZRO

Coinbase is expanding its derivatives menu again. The exchange will open perpetual futures markets for GRAM, GRASS, QNT, and ZRO on November 13, 2026, with trading set to begin at or after 12:00 PM UTC.

The announcement came on November 11, 2026, which leaves traders a two-day runway.

The lineup spans a messaging-app blockchain, a bandwidth-sharing network, an enterprise interoperability project, and a cross-chain messaging protocol.

What Coinbase is launching

Perpetual futures, or perps, are derivative contracts that track an asset’s price without ever expiring. They let traders bet on prices rising or falling without holding the underlying token. They also tend to involve leverage, which amplifies gains and losses alike.

The new markets will be open to both retail and institutional participants. Access runs through Coinbase and Coinbase Advanced, the exchange’s more feature-heavy trading interface.

Liquidity will also be drawn from Deribit in selected jurisdictions.

Deribit is running a parallel rollout of its own. It will list USDC-settled perpetual contracts for the same four tokens and will add a fifth, PEARL, that does not appear on the Coinbase list.

USDC settlement means profits and losses are paid out in the dollar-pegged stablecoin rather than in the token being traded.

Four tokens, four very different bets

GRAM is the native token of The Open Network. It traded as Toncoin (TON) until a rebrand in June 2026, and the network has been integrated with Telegram.

GRASS powers a Solana-based DePIN network. In GRASS’s case, the resource is unused internet bandwidth, which the network uses for AI-driven data collection. The token has a fixed supply of 1 billion.

QNT is the token behind Quant Network’s Overledger, a system built to help enterprise blockchains talk to each other. QNT is used for Overledger licensing and Fusion Rollup fees, and its fixed supply sits at approximately 14.6 million tokens.

ZRO is the governance token for LayerZero, a cross-chain messaging framework. LayerZero lets separate blockchains pass messages and instructions between one another, and ZRO holders have a say in how the protocol is governed.

Demand is already there

These markets are not being built on empty ground. Open interest for ZRO and QNT on other platforms already runs into the tens of millions of dollars.

The launch also lines up with a broader push from Coinbase Prime, the company’s institutional arm, to widen institutional access to crypto markets.