Skip to content

Coinbase Derivatives Exchange to Make Nano Bitcoin Futures Available Through Major Brokers

Coinbase Derivatives Exchange to Make Nano Bitcoin Futures Available Through Major Brokers

tl:dr:

  • Coinbase Derivatives Exchange (formerly) fairx) will launch its first listed crypto derivatives product on June 27, 2022: the Nano Bitcoin Futures Contract (BIT), with each contract sized at 1/100th of a bitcoin.
  • When launched on June 27, BIT futures will be accessible for trading through a number of leading third-party retail brokers and clearing firms.
  • Coinbase Financial Markets is awaiting approval for its license to operate a Futures Commission Merchant (“FCM”) in order to be able to offer futures directly to its clients.

By Boris Ilevsky, Head of Coinbase Derivatives Exchange

coinbase derivatives exchange, a CFTC regulated Designated Contract Market (DCM) futures exchange, will launch its first listed crypto derivatives product on June 27: Nano Bitcoin Futures (BIT). Initially, BIT futures will be available for trading through several major brokerage intermediaries, including retail broker edge clear, ironbeam, NinjaTrader, Optimus Futures, Step 5And tradeovateAnd clearing firm ABN AMRO, pass, Advantage futures, ED&F Mann, ironbeam And wedbush, Coinbase is awaiting regulatory approval on its own Futures Commission Merchant (FCM) license so that we can offer margin futures contracts directly to our clients.

Transforming FairX into the Coinbase Derivatives Exchange marries a world-class team with product development, market structure, compliance, market-leading exchange technology and a proven ability to deliver listed futures, with Coinbase’s commitment to building products that deliver ease-of-use. To – understanding, fair, accessible, efficient and transparent.

Round the clock trading, low upfront investment, leverage and the ease of going long and short are some of the reasons why futures are a popular product for traders. Our BIT futures contract will provide similar leverage but are designed with the retail trader in mind. At 1/100th the size of bitcoin, it requires less upfront capital than traditional futures products and creates a real opportunity for significant expansion of retail participation in US regulated crypto futures markets.

The crypto derivatives market represents $3Tn* in volume worldwide and we believe that additional product development and access will unlock significant growth. It is more important than ever to bring the benefits of futures to the broader market so that traders of all types can access the regulated US crypto derivatives markets to express their views or hedge their underlying crypto assets.

To become one of our supporting brokers, market makers, clearing firms, or sellers, please email [email protected]

*January 2022,

credit source

Coinbase Derivatives Exchange to Make Nano Bitcoin Futures Available Through Major Brokers

#Coinbase #Derivatives #Exchange #Nano #Bitcoin #Futures #Major #Brokers

if you want to read this article from the original credit source of the article then you can read from here

Shopping Store 70% Discount Offer

Leave a Reply

Your email address will not be published.