Coinbase, the leading US cryptocurrency exchange, to introduce a Bitcoin futures product on the new derivatives exchange

Cryptocurrency exchange giant Coinbase has announced the launch of its first-ever Bitcoin (BTC) derivative product.

According to a new blog from the company, Coinbase’s Derivatives Exchange will launch Nano Bitcoin Futures (BIT), the first listed Bitcoin futures product, on June 27, with the price of each contract at 1/100th of Bitcoin.

Coinbase Derivatives Exchange, a [Commodity Futures Trading Commission] Regulated Futures Markets (DCM) will launch its first listed crypto derivative product on June 27:


Nano Bitcoin (BIT) futures contract. Initially, BIT futures contracts will be available for trading through several leading brokers, including [specific] retail brokers [and] compensation companies.

Coinbase says the contract sizes are designed to encourage retail investors to participate in the cryptocurrency futures markets.

“At 1/100th the size of Bitcoin, it requires less initial capital than traditional futures products and creates a real opportunity for significant expansion of retailer participation in regulated futures markets in the United States.”

The leading US-based cryptocurrency exchange also notes that it is awaiting approval from the Commodity Futures Trading Commission (CTFC) to provide derivatives directly to its clients.

“Coinbase is awaiting regulatory approval for its Futures Commission (FCM) dealer license so that we can offer margin futures directly to our clients.”

Coinbase first acquired the FairX futures exchange earlier this year and eventually turned it into a Coinbase derivatives exchange, saying it plans to offer crypto derivatives to all Coinbase customers in the United States.

“Through this acquisition, we plan to bring regulated crypto derivatives to market, initially through FairX’s existing partner ecosystem. Over time, we plan to leverage FairX’s infrastructure to offer crypto derivatives to all Coinbase customers in the United States.

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