Coinbase will launch perpetual futures for both the Roundhill Memory ETF (DRAM) and the Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) beginning July 16, 2026.
Details of the Launch
These perpetual futures allow traders to speculate on price movements without the need for contract expiration. With access to leveraged positions, users can go long or short on the DRAM and SOXL ETFs, potentially increasing their trading gains while also exposing them to similar risks.
Coinbase has previously offered perpetual futures for major US stocks since March 20, 2026. Currently, this service is mainly available to eligible traders located outside the United States. The use options for these new contracts are expected to range from 10x to 20x, although details on margin requirements and eligibility for both ETFs remain unconfirmed.
Market Impact of DRAM and SOXL
The Roundhill Memory ETF, launched on April 2, 2026, has quickly attracted around $24.82 billion in assets under management. Similarly, SOXL provides three times the daily performance of the PHLX Semiconductor Sector Index. This means that using perpetual futures with additional use on SOXL could result in significant fluctuations in value, especially given the already leveraged nature of the ETF.
- Perpetual futures offer 24/7 trading access
- DRAM and SOXL have significant market interest
- High use increases both potential gains and risks
Retail traders should be cautious, as the risks of trading leveraged products can lead to large financial losses. A small market movement could drastically affect trading positions, particularly with SOXL's inherent 3x use.
This material is for informational purposes only and does not constitute financial advice.
