Coinbase Derivatives became the first CFTC-regulated exchange to offer margined Bitcoin Cash and Litecoin futures contracts, launching earlier this month and going strong. Bitcoin Cash and Litecoin contracts will launch on April 1st, and Dogecoin futures will launch later this month. These contracts will be made available for trading through our broker and FCM partners.
Coinbase Derivatives’ primary goal in launching new crypto futures contracts is to create a market that provides diversification, price discovery, risk management, and margin for retail traders. Since we launched futures contracts for Bitcoin Cash (BCH) and Litecoin (LTC), we have seen the market grow deeper and tighter, and our broker partners and FCMs are looking forward to the next few weeks. We look forward to unlocking access in the near future.
Consistent with our overall futures strategy, these contracts will significantly improve access to digital asset trading, allowing traders to reduce initial capital requirements and, more importantly, improve access to regulated frameworks. allows you to participate in the virtual currency market within.
These contracts, with sizes of 1 BCH, 5 LTC, and 5000 DOGE, aim to provide enhanced trading opportunities in the crypto market and foster a more inclusive and dynamic trading environment. The introduction of additional futures contracts will allow retail traders to take advantage of price movements to hedge existing holdings, meeting the needs of both experienced investors and retail enthusiasts.
unprecedented accessibility
Coinbase Derivatives has witnessed consistent trading activity on Nano Bitcoin (BIT) and Ethereum (ET) contracts, with year-to-date notional value trading of over $5 billion.
In response to growing retail demand, we expanded our futures contracts to include more digital assets and meet the needs of our growing network of traders.
As the first CFTC-regulated futures exchange to offer margin futures contracts for Bitcoin Cash, Dogecoin, and Litecoin, Coinbase Derivatives remains committed to maintaining the highest standards of integrity and transparency. By adhering to strict regulatory requirements and collaborating with leading third-party FCMs and retail brokers, we provide retail clients with a safe and secure platform for trading digital asset derivatives.
Establishing these markets will ensure significant price discovery for additional crypto assets, further advancing our goal of bridging the gap between traditional finance and digital assets. We have high expectations that these contracts will mature and provide liquidity to retail and institutional investors in regulated markets.
Source: Coinbase
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