Coinbase has announced its plan to introduce Bitcoin (BTC) and Ethereum (ETH) futures contracts on June 5 through the derivatives exchange regulated by the Commodity Futures Trading Commission (CFTC).
According to Coinbase’s announcement, futures contracts will be aimed at institutional investors. The newly announced enterprise-scale contracts will be sized at 1 Bitcoin and 10 ethereum. This sizing will aim to enable customers to effectively manage their risks in the market. The exchange made its decision to launch these products after feedback received following the launch of nano Bitcoin (BIT) and nano Ethereum (ET) contracts.
Derivatives Exchange to be Adapted to Investors’ Needs
In addition, Coinbase stated that it will dedicate its derivatives exchange to meeting the needs of institutional investors by providing them with creative solutions tailored to their specific needs.
On May 2, Coinbase took another step in its international expansion strategy by announcing its strategic move to open a derivatives exchange in Bermuda. In particular, the stock market offers investors through perpetual futures contracts. bitcoinAnd Ethereum It will provide an opportunity to speculate on prices. These contracts will offer up to 5x leverage and allow investors to increase their exposure to potential price movements. Coinbase announced in the announcement that all transactions carried out on the exchange are Circle’s stablecoin. USDCand will provide a stable and reliable value representation for the participants.
Coinbase’s decision to establish a derivatives exchange, United States of AmericaIt coincided with ongoing efforts to address the need for regulatory clarity surrounding the trading of digital assets.
In response to Coinbase’s petition for the mandamus order, the Securities and Exchange Commission (SEC) stated that they are under no time pressure to speed up transactions, noting that the rule-making process could potentially span several years.
The Commission has made it clear that it intends to use enforcement actions as a tool to clarify the regulation of crypto assets. However, the SEC Gary GenslerHe stressed that public statements by the Commission should not be interpreted as official guidance or official policy statements issued by the commission.
