Leading US-based cryptocurrency exchange Coinbase is preparing to launch new futures contracts for Bitcoin (BTC) and Ethereum (ETH) on June 5.
Coinbase recently announced that it is regulated by the Commodities and Futures Commission (CFTC). derivative exchange Coinbase Derivatives Exchange On June 5, for its institutional customers via Bitcoin and Ethereum specific new futures contracts will present.
The size of these newly announced derivative services 1 Bitcoin (BTI) And 10 Ethereum (ETI) is set to be. This limited scaling increases the market risk of customers. to effectively manage aims to provide
In the details of the statement, Nano Bitcoin (BIT) And Nano Ethereum (ET) with its inclusion in the scope of service last year to meet the growing corporate demand It was stated that these new products were needed.
At current prices BTI And of ETI respectively 30,000 dollars And $20,000 has a nominal value. On the other hand, the derivatives exchange in question is the US Commodity Futures Trading Commission. (CFTC) For institutional investors, it has been regulated and approved by positive provides a foundation.
The following details were included in the statement made by the exchange:
Coinbase Derivatives Exchange is excited to announce its institutional futures contracts with Bitcoin and Ethereum contracts on June 5. Coinbase Bitcoin (BTI) and Coinbase Ether (ETI) futures contracts will be available to third-party institutional investors.
The stock market has been making big strides lately on behalf of Bitcoin and Ethereum futures. Coinbase, island nation at the beginning of May Bermudahas obtained a license for global derivatives transactions from Coinbase International ExchangeHe announced that he had started Through this exchange, Coinbase offers up to 5x leverage bitcoin And Ethereum started futures transactions.