Coinbase to Launch Bitcoin Nanofutures
- June 24, 2022
- 0
On June 27, Coinbase will launch nanofutures for its first cryptocurrency. For approval CFTC The Bitcoin exchange will provide instrument trading through brokers. Contracts with BIT code will
On June 27, Coinbase will launch nanofutures for its first cryptocurrency. For approval CFTC The Bitcoin exchange will provide instrument trading through brokers.
Contracts with BIT code will be initiated by Coinbase Derivatives (formerly FairX).
Futures with settlements in US dollars are equal to 1/100 of the value of the first cryptocurrency.
The crypto derivative EdgeClear, Ironbeam, NinjaTrader, Optimus Futures, Stage 5 and Tradovate will be available to customers of ABN AMRO, ADMIS, Advantage Futures, ED&F Man, Ironbeam and Wedbush.
Coinbase emphasized that they expect to obtain a futures broker license (Futures Commission Merchant, FCM) in the future. This will allow BIT to be made available directly to customers.
Recall that in March 2022 Coinbase presented plans for the development of a section on derivatives.
Earlier, the bitcoin exchange announced the shutdown of the Coinbase Pro platform for professional traders.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
