trade now
CryptocurrencyCryptocurrency DerivativesCryptocurrency RegulationETF (Exchange Traded Fund)Ethereum (ETH)News

Coinbase Unveils New Crypto Derivative Product

Coinbase announced the coming of Nano Bitcoin futures on Monday. It is the exchanges’ first crypto derivative crypto product built as user-centric.

A Satisfactory Launch at Last

Coinbase had announced on the 12th of January that it was going to acquire FairX. It also stated then that the acquisition is a major step towards offering crypto derivatives to users. The announcement also had it that the acquisition was to be concluded by the first fiscal quarter.

Coinbase finally published a blog post on Friday where the launching plan was announced. The Head of Derivatives Exchange at Coinbase, Boris Ilyevsky, said on Friday that BIT Future would be up on the 27th.

Ilyevsky went ahead to state how the BIT Futures will first be available. He said it will first be available for trading through top broker intermediaries. These include Ironbeam, Optimus Futures, EdgeClear, Stage 5, Tradovate, and NinjaTrader.

Clearing firms will also be involved in the initial stage. They include ADMIS, ABM AMRO, Advantage Futures, Wedbush, Ironbeam, and ED&F Man.

📰  Cardano (ADA): The Ideal Zone to Watch for Bullish Approach

Ilyevsky proceeded to state that Coinbase would be able to offer margin futures contracts to clients soon. It only has to obtain regulatory approval on its Futures Commission Merchant license.

The new product got designed with advanced retailers in mind. The Coinbase BIT Futures will offer great benefits. It also requires less upfront capital than conservative futures as it is 1/100 of Bitcoin’s size.

The project provides an opportunity for expanding retail involvement in the US crypto futures sector. The Bitcoin Future is a monthly cash-settled contract that lets users manage their risks or trade Bitcoin.

The MarketVector Partnership

As seen in a press statement published on Monday by MarketVector Indexes says it underlays Coinbase’s project. It also underlays the exchange’s future product focused on Ethereum.

It should be noted that the MV Index Solution announces a change of name on the 6th of May. It changed to become MarketVector Indexes.

Information about MVIS says it has expanded the success of VanEck from an exchange-traded product to an index. The present portfolio of MarketVector indexes shows the company’s expertise in emerging markets. Likewise in fixed income, hard assets, as well as special asset classes.

📰  Why Polygon (MATIC) Might See Volatile Price Action in Near Term

An approximated $30.86 billion worth of assets under management are invested based on MVIS indexes. Boris Ilyevsky says CoinBase is excited to launch its crypto derivative while using MarketVector indexes. He says it was important for Coinbase to work with a partner that has similar values to it.


Tokenhell.com produces top quality content exposure for cryptocurrency and blockchain companies and startups. We have provided brand exposure for thousands of companies to date and you can be one of them too! All of our clients appreciate our value / pricing ratio. Contact us if you have any questions: info@tokenhell.com. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

📰  Shun Exchanges That Need Funding To Operate - Binance CEO 

📰  Miami City Is Ready To Launch 5000 ETH NFTs 

Shelly Melancon (Switzerland)

Shelly is a cryptocurrency enthusiast from Switzerland, she bought her first crypto in 2015 when it was way less popular then it is today and since 2017 she has been writing about cryptocurrency for online news portals. Shelly is the newest addition to the Tokenhell team, she writes mostly news and reviews related articles , stay tuned to her posts to stay up to date with the crypto world.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close