- Contracts will be available starting June 5, in 1 BTC and 10 ETH
- Measured in USD
- The initiative is designed to meet increased demand for crypto products among institutional customers
The Coinbase derivatives exchange will launch two new futures contracts, in BTC and ETH, for institutional customers. In addition to lower fees, the company promised the opportunity to participate in “incentive programs” early on.
Coinbase announced its plans in an official press release on June 1. The new exchange products will be available to investors starting Monday, June 5.
The two contracts, for 1 BTC and 10 ETH, are calculated in USD. The company commented:
“With the launch of these futures contracts, we aim to give institutional clients the ability to more accurately manage cryptocurrency exposure, express directional views and track returns on BTC and ETH in a capital efficient way.”
The decision to introduce the new contracts was made after processing feedback about similar products on nano-bitcoin and nanoether. Coinbase noted a high level of demand for cryptocurrency derivatives solutions among institutional investors. Coinbase launched a derivatives exchange in Bermuda on May 2. This is another step in the company’s expansion into the global market. Coinbase Derivatives Exchange is registered with the CFTC and offers a fully regulated list of services.