Breaking: Coinbase Will Offer BTC And ETH Futures To Institutions On June 5
- Derivatives exchange Coinbase will begin offering Bitcoin and Ether futures to its institutional clients starting June 5.
- Two new futures contracts to enable investors to precisely manage risk and target attractive returns at lower fees than other US-regulated derivatives exchanges.
- Institutional futures contracts will be 1 BTC and 10 ETH and expire monthly.
Coinbase’s CFTC-regulated derivatives trading platform recently announced the launch of an institutional futures service with Bitcoin and Ether contracts for its institutional clients starting June 5, 2023.
According to a Coinbase blog post, institutional contacts will be 1 BTC and 10 ETH, allowing derivatives exchange customers to manage their exposure to crypto assets.
Bitcoin (BTI) and Ether (ETI) futures contracts will be made available to customers through third-party institutional futures commission traders (FCM) and leading brokers. Institutional clients who are early adopters of new derivatives may be eligible for various incentive schemes.
Two new futures contracts to enable investors to precisely manage risk and target attractive returns at lower fees than other US-regulated derivatives exchanges.
“With the launch of these institutional-sized USD-settled contracts, we look to empower institutional participants with greater precision in managing crypto exposure, expressing directional views, or tracking Bitcoin and Ether returns in a capital-efficient way. Coinbase Derivatives Exchange is committed to delivering innovative solutions that cater specifically to the needs of institutional investors.”
The new crypto offerings come less than a year after the derivatives exchange launched its nano Bitcoin and nano Ether derivatives. In addition to lower exchange fees, eligible institutions may qualify for various incentive programs if they are early adopters of these contracts.
The new derivatives will be offered in the form of USD-settled index futures and will expire every month. Each BTI and ETI contract represents 1 Bitcoin and Ether, respectively. In June 2022, Coinbase Derivatives Exchange launched Bitcoin nano futures contracts for its retail clients. Followed by the launch of nano Ether futures in August 2022.
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