Coinbase Launches Leveraged Crypto Futures for US Traders With Nano-Sized BTC and ETH Contracts

Coinbase Financial Markets (CFM) introduced regulated leveraged crypto futures for its U.S. customers Wednesday, present disposable to Coinbase Advanced users. The trading level presently offers nano-sized contracts astatine one-hundredth of a bitcoin and one-tenth of an ethereum.

Coinbase Financial Markets Rolls Out Crypto Futures for U.S. Investors

The San Francisco-based crypto platform, Coinbase, is opening to gradually present its bitcoin and ethereum futures offerings. CFM’s extremity is to “make futures much accessible to retail crypto traders,” according to the announcement Wednesday. With the launch, Coinbase Advanced customers successful the U.S. tin present entree the regulated crypto futures contracts

Coinbase explains that futures derivatives products let traders to hedge hazard and diversify. “Leverage successful futures trading tin enactment for you oregon against you. The hazard of nonaccomplishment utilizing leverage tin transcend your archetypal concern amount,” the announcement discloses.

The speech added:

These futures contracts are specifically sized for retail traders, astatine 1/100th of a bitcoin and 1/10th of an ethereum.

The institution further explained that CFM’s approval to offer federally regulated crypto futures trading successful August marked a captious milestone, signaling important advancement successful the crypto trading domain. Coinbase besides noted the pivotal relation of acquisition successful CFM’s strategy, providing a suite of articles for traders covering a scope of topics, from the basics of futures trading to the associated benefits and risks.

The firm’s banal (Nasdaq: COIN) is up 0.48% for the period and 58% implicit the past six months. Year-to-date, COIN has gained 111% against the U.S. dollar. Customers not utilizing Coinbase Advanced tin use to commercialized futures with CFM, provided they walk the anti-money laundering/know-your-customer (AML/KYC) and verification processes.

What bash you deliberation astir Coinbase introducing its futures crypto products to U.S. traders? Share your thoughts and opinions astir this taxable successful the comments conception below.