Coinbase Introduces Bitcoin And Ether Futures For Institutional Investors On Derivatives Exchange

By Author: Adam Gil
Total Articles: 4
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The regulatory ambiguities present in the US are known to the whole bitcoin community. Despite the flaws in US crypto regulation, Coinbase, one of the major participants in the industry, has made substantial progress over the years.

On June 1, Coinbase announced its intention to add ether (ETH) and bitcoin (BTC) futures contracts to its derivatives market, with the official launch set for June 5.

The Commodities Futures Trading Commission (CFTC) maintains full regulatory and administrative control over the derivatives exchange run by Coinbase. The futures contracts are guaranteed to adhere to specified norms and guidelines by this regulatory compliance. The demands and desires of institutional investors will be the main focus of these futures contracts.

The new Coinase launch comes in response to growing interest.

The input the exchange received after presenting its nano Bitcoin futures and nano Ether futures contracts had an impact on the decision to introduce these products.

The recently announced institutional-sized contracts would have a set size of 1 bitcoin and 10 ether, according to ...
... information from Coinbase. This size has been thoughtfully created to help businesses manage their market exposure. The notional values of the BTC (Bitcoin) and ETH (Ether) contracts on Coinbase's derivatives exchange are around $30,000 and $20,000, respectively, based on current prices.

By providing cutting-edge solutions that are specifically suited to the needs of institutional investors, Coinbase further emphasised its dedication to meeting those needs.

Additionally, the exchange stated that it would charge "significantly lower fees" for the recently announced institutional-sized contracts. However, at the time of the release, particular information regarding the precise cost structure was not provided.

Along with this news, the whole cryptocurrency market seems to be picking up pace. The global crypto market cap is also up by 1.23% in the last 24 hours. Bitcoin price, being the largest cryptocurrency in terms of market capitalization, reached a peak of $31,000 during market-wide crypto surge earlier this year.

Reference - Coinpedia - https://coinpedia.org/price-prediction/bitcoin-price-prediction/