Leading U.S. Cryptocurrency Exchange Coinbase To Offer Bitcoin Futures Product On New Derivatives Exchange

Crypto exchange giant Coinbase announces the launch of its first-ever Bitcoin (BTC) derivative product.

According to a new blog post from the company, Coinbase’s Derivatives Exchange will launch Nano Bitcoin Futures (BIT), its first listed Bitcoin futures product, on June 27, with each contract priced at 1/100th of Bitcoin.

“Coinbase Derivatives Exchange, a [Commodity Futures Trading Commission] regulated futures market Designated Contract Markets (DCM), will launch its first listed crypto derivative product on June 27:

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Nano Bitcoin Futures (BIT). Initially, BIT futures will be available for trading through several leading intermediary brokers, including [specific] retail brokers [and] compensation companies.

Coinbase says the contract sizes are tailored to encourage retail investors to participate in the crypto futures markets.

“At 1/100th the size of Bitcoin, it requires less initial capital than traditional futures products and creates a real opportunity for significant expansion of retailer participation in the regulated crypto futures markets in the United States. ”

The leading US-based crypto exchange also notes that it is awaiting approval from the Commodities Futures Trading Commission (CTFC) to provide derivatives directly to its clients.

“Coinbase is awaiting regulatory approval on its own Futures Commission Merchant (FCM) license so that we can offer margined futures contracts directly to our customers.”

Coinbase first acquired the FairX futures exchange earlier this year, eventually turning it into the Coinbase Derivatives Exchange, saying it plans to offer all US Coinbase customers crypto derivatives.

“Through this acquisition, we plan to bring regulated crypto derivatives to market, initially through FairX’s existing partner ecosystem. Over time, we plan to leverage FairX’s infrastructure to offer crypto derivatives to all Coinbase customers in the United States.

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Leading U.S. Cryptocurrency Exchange Coinbase To Offer Bitcoin Futures Product On New Derivatives Exchange


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