Summary
Coinbase Derivatives Exchange will introduce Bitcoin and Ether futures contracts for institutional clients on 5 June. The futures contracts, sized to one Bitcoin and ten Ether per contract, respectively, will be available through third-party institutional Futures Commission Merchants (FCMs) and brokers. Coinbase said there was increased demand for futures contracts among investors and the move was intended to “empower institutional participants with greater precision in managing crypto exposure, expressing directional views, or tracking BTC and Ether returns in a capital-efficient manner”. The launch follows the firm’s acquisition of a regulatory license for digital asset exchange in Bermuda.
Coinbase, the popular cryptocurrency exchange, has announced the launch of its derivatives trading platform. The new platform will offer Bitcoin and Ether futures contracts to institutional and professional traders.
With the launch of Coinbase Derivatives, customers will now be able to trade futures contracts based on Bitcoin and Ether. The company has stated that its derivatives platform has been designed to provide a fast, reliable, and secure trading experience to its users.
The launch of the derivatives trading platform makes Coinbase the latest addition to the growing list of exchanges offering futures trading on cryptocurrencies. The move also represents a major step forward for the cryptocurrency industry, as it indicates increased demand for cryptocurrency derivatives trading.
In a blog post, Coinbase also announced that starting with the launch of the new platform, the company would be providing institutional and professional customers with access to a range of trading and risk management tools. This includes a new liquidation engine, which the company says will help prevent sudden price movements from adversely affecting its customers’ positions.
Coinbase has been one of the most successful cryptocurrency exchanges in recent years, having grown rapidly since its launch in 2012. The company’s success can be attributed to its focus on providing a high-quality, user-friendly experience to its customers, backed by robust security measures.
The launch of its derivatives trading platform represents a significant milestone for Coinbase, as it further cements its position as one of the leading players in the cryptocurrency industry. With Bitcoin and Ether futures now on offer, the company is well-positioned to capitalize on the growing demand for cryptocurrency derivatives trading, as more institutional investors begin to enter the market.
Original Source: www.financemagnates.com
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