Coinbase Has Announced The Launch Of Bitcoin (Btc) And Ethereum (Eth) Futures Trading For Its U.s. Customers.

Coinbase has started offering Bitcoin and Ethereum futures trading to U.S. investors. This new service allows Coinbase users to engage in futures trading for these two major cryptocurrencies.

According to an announcement by Coinbase, the exchange is stepping into the futures market in the United States. These futures will include BTC and ETH futures offered by Coinbase Financial Markets (CFM). Users who wish to utilize Coinbase's futures services must meet the applicable compliance requirements in the United States.

Coinbase introduced Bitcoin (BTC) and Ethereum (ETH) futures contracts on June 5th through a derivative exchange regulated by the Commodity Futures Trading Commission (CFTC). This new service will be exclusively available to institutional investors.

Coinbase states that some of these new institutional contracts will include 1 Bitcoin and 10 Ethereum. This scaling is designed to assist customers in effectively managing their risks. Coinbase indicates that the decision to launch these products is based on feedback received from the previously introduced nano Bitcoin (BIT) and nano Ethereum (ET) contracts.

Coinbase also emphasizes that the derivative exchange will focus on providing creative solutions tailored to the specific needs of institutional investors.

This initiative comes shortly after Coinbase's strategic move to open a derivative exchange in Bermuda at the beginning of May. With this move, Coinbase took a step in its international expansion strategy.

Now, with this new venture, Coinbase provides investors with the opportunity to speculate on Bitcoin and Ethereum prices while offering traders leverage of up to 5x. Coinbase has mentioned that all transactions will be conducted with Circle's stablecoin USDC, providing participants with a stable and reliable value representation.