Top US crypto exchange platform Coinbase is launching around-the-clock futures contracts in America for Bitcoin (BTC) and Ethereum (ETH).
In a new blog post, Coinbase says that its derivatives arm is launching the first 24/7 futures trading of the top two digital assets for US customers in the coming weeks.
Says Greg Tusar, vice president of Coinbase’s institutional product,
“Derivatives are a cornerstone of global crypto markets, accounting for over 75% of all total trading volume. Yet, much of this activity has taken place internationally, where markets operate 24/7 and offer futures contracts that aren’t confined to traditional expiries. US traders have navigated fixed market hours and expiring contracts, which can create inefficiencies – particularly for those managing crypto exposure.
Driven by strong demand from our crypto-native US clients, Coinbase Derivatives, LLC is making regulated futures markets more accessible, transparent, and competitive. Our goal is simple: give traders the tools they need to manage risk and seize opportunities in crypto-on their terms.”
Coinbase says it is working with the Commodity Futures Trading Commission (CFTC) to launch the product in compliance with federal regulations.
“We have been actively working with the CFTC, partners, and market participants to finalize the design and to ensure this product meets regulatory requirements as well as client needs.”
Tusar also calls upon the crypto industry to join in building out more of the US crypto derivatives market.
“For too long, the US has been playing catch-up in crypto derivatives. It’s time for a regulated, accessible, and innovative futures market that meets the needs of the crypto-economy…
We invite FCMs (futures commission merchants), market participants, and institutions to join us in building the next generation of global crypto derivatives. The next evolution of US markets starts now.”
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The post Coinbase To Launch 24/7 Bitcoin and Ethereum Futures Contracts in ‘Next Evolution’ of US Markets appeared first on The Daily Hodl.
Top US crypto exchange platform Coinbase is launching around-the-clock futures contracts in America for Bitcoin (BTC) and Ethereum (ETH). In a new blog post, Coinbase says that its derivatives arm is launching the first 24/7 futures trading of the top two digital assets for US customers in the coming weeks. Says Greg Tusar, vice president
The post Coinbase To Launch 24/7 Bitcoin and Ethereum Futures Contracts in ‘Next Evolution’ of US Markets appeared first on The Daily Hodl. Bitcoin, Ethereum, BTC, ETH, News
This articles is written by : Nermeen Nabil Khear Abdelmalak
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