Coinbase (Coins) to launch 24/7 Bitcoin (BTC) and Ethereum (ETH) Futures Trading in the US
The Coinbase Derivatives are looking to launch the round-the-clock futures trading of Bitcoin (BTC) and Ether (ETH), the CFTC-regulated futures arm of the crypto exchange announced on Monday.
Plan of exchange to offer both large and nano-sized contracts, it said in a Press release.
This space, Coinbase said, “forces entrepreneurs to sit on the sides during moving markets, limiting their ability to react at real time.”
Exchange is also working on the launch of Perpetual-style futures in the US with a long-dated expiration.
According to Coinbase, derivatives provide 75% of the worldwide trading volume, making them a “foundation” of crypto markets. As a result, there has been strong demand from crypto-native clients for regulated futures.
This launch, which is cooperating with nodal clear for CFTC-regulated clearing, represents the first 24/7-used crypto futures in the US
The CME Group, the largest traditional derivatives exchange in the US, has offered many different crypto futures, however, they are only available to trade at the time of US trade.
