Coinbase Declare On March 10, you plan to submit trading around the clock throughout the week to Bitcoin (BTC) And the fragrance (Eth) The future contracts are for us. The Stock Exchange also launches permanent future contracts with long expiration.
According to Coinbase, many of the current encryption derivatives market is outside the borders of the United States, where American merchants must move in fixed hours and expiration contracts, “which can create shortcomings.”
Futures are a type of derivative that includes creating a contract to buy or sell an asset at a specific price and date. When futures contracts lack an appointment to buy and sell the original, they are called A permanent futureOr “dat” for a short period.
The uncertainty surrounding the permanent future contracts for encryption led to the non -allowing the American population to circulate these products. In its announcement, Coinbase said it works with The Justice Contracts Trading Committee For clarity. The agency oversees the trading of bat in commodities to ensure “these products” will meet “regulatory requirements”.
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The encryption derivative market reached $ 1.3 trillion in the monthly trading volume in September 2023, According to To Alpha Point, significantly exceeds the immediate encryption market. For central derivatives, non -American markets lead to trading volume.
Coinbase faces competition in the American derivative market
Coinbase’s New services are facing competing from various companies, including the CME group, which is an exchange of American derivatives with 6.1 billion dollars in 2024. In the last quarter of 2024, the average daily CME group recorded $ 10 billion for encryption derivatives. However, the derivatives are only available for six -day trading a week.
In the February 2024 profit call, Lin Martin, CME financial manager, said that Crypto derivatives were among the “contracts that we have seen as the biggest increases [in] this year. “
Coinbase may also face competition from its rival Robinhood, which was announced in January Plan to present Bitcoin and Eter Futures. Coinbase already offers the option to trading encryption derivatives for us the population in Coinbase.
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