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 available for trading through Coinbase’s brokers and FCM partners.
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.
Coinbase comments:
“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 are very hopeful that the contract will mature and provide liquidity to retail and institutional investors in the regulated market.”
