Coinbase has opened crypto futures trading to eligible
US investors. This development, unveiled in a recent blog post, follows
Coinbase’s achievement of regulatory clearance in August, allowing it to
operate as a futures commission merchant under the National Futures
Association.
The introduction of futures contracts for Bitcoin
and Ethereum is set to empower US traders, offering them the opportunity to
trade, hedge their risks, diversify their portfolios, and speculate on market
movements. To access these futures contracts, eligible US traders are required
to use Coinbase’s trading platform, Coinbase Advanced, and hold a spot trading
account with the exchange.
Sized at 1/100th of a Bitcoin and 1/10th of
Ethereum, these futures contracts reduce the upfront capital requirements, the
exchange stated. This makes them an attractive and affordable investment option
for a broader range of retail customers, effectively democratizing access to
the crypto futures market.
Coinbase has opened crypto futures trading to eligible
US investors. This development, unveiled in a recent blog post, follows
Coinbase’s achievement of regulatory clearance in August, allowing it to
operate as a futures commission merchant under the National Futures
Association.
The introduction of futures contracts for Bitcoin
and Ethereum is set to empower US traders, offering them the opportunity to
trade, hedge their risks, diversify their portfolios, and speculate on market
movements. To access these futures contracts, eligible US traders are required
to use Coinbase’s trading platform, Coinbase Advanced, and hold a spot trading
account with the exchange.
Sized at 1/100th of a Bitcoin and 1/10th of
Ethereum, these futures contracts reduce the upfront capital requirements, the
exchange stated. This makes them an attractive and affordable investment option
for a broader range of retail customers, effectively democratizing access to
the crypto futures market.
