Coinbase DEX To Offer Institutional BTC Futures
Coinbase Derivatives Exchange, the regulated futures product of crypto exchange Coinbase, announced on Thursday that it will begin trading bitcoin (BTC) and ether (ETH) tracked futures to institutional clients on June 5.
Coinbase stated that these products were developed in response to rising institutional demand following the release of its nano Bitcoin (BIT) and nano Ether (ETI) contracts last year.
The BTI and ETI futures contracts, with contract sizes of 1 bitcoin and 10 ether, will be paid in US dollars monthly and will allow institutional traders to hedge market bets, express long-term market views, or use the products in complicated trading strategies.
Coinbase stated that BTC and ETI are available at “significantly lower fees” than previous offerings, albeit these rates were not specified.
(With inputs from Shikha Singh)
You need to login in order to Like
