Coinbase Shakes Up The Crypto World With Bitcoin And Ethereum Futures Rollout

Zinger Key Points
  • New contracts aim to meet growing institutional demand for advanced derivatives products.
  • Coinbase partners with leading FCMs, brokers and front-end providers to ensure seamless access.

Coinbase Global Inc.'s COIN Derivatives Exchange announced on Friday it will launch institution-sized Bitcoin BTC/USD and Ethereum ETH/USD futures contracts on June 5.

The new contracts, named BTI and ETI futures, will be sized at 1 bitcoin and 10 ethereum per contract, respectively. This sizing is designed to allow participants to tailor their exposures to these burgeoning digital asset commodities with granularity, granting traders the flexibility to exploit opportunities in a highly dynamic market environment.

Notably, these institution-sized contracts are set to offer significantly lower fees than traditional offerings.

In a blog post, Coinbase stated this move is aimed at enhancing capital efficiency for institutions, underscoring its commitment to boosting accessibility and participation in the crypto ecosystem by reducing trading costs.

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In an effort to extend further support to its institutional clients, Coinbase has also partnered with leading Futures Commission Merchants (FCMs), brokers and front-end providers.

These partnerships aim to ensure access to these futures contracts through robust trading platforms.

"With the launch of these institutional-sized USD-settled contracts, we look to empower institutional participants with greater precision in managing crypto exposure, expressing directional views, or tracking Bitcoin and Ether returns in a capital-efficient way," Coinbase stated. 

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Posted In: CryptocurrencyNewsFuturesMarketsbitcoin futuresCFTCCoinbase Derivatives Exchangederivatives exchangeDigital AssetsEther futuresFutures Commission MerchantsInstitutional Investors