Coinbase announces the launch of BTC and ETH futures on its futures exchange ⋆ ZyCrypto

• Coinbase has announced plans to launch Bitcoin and Ethereum futures contracts for institutional investors on June 5.
• The institutional futures contracts will be priced at 10 ETH and 1 BTC to reduce market risk.
• Coinbase’s push for regulatory clarity is taking center stage in crypto circles as the exchange looks to release more products for users.

Coinbase, the US’s leading digital asset, has announced its plans to launch institutional futures contracts for Bitcoin (BTC) and Ethereum (ETH) on its derivatives exchange on June 5.

Launching on the derivatives exchange regulated by the Commodity and Futures Trading Commission (CFTC), the product will be sized at 1 BTC and 10 ETH to help investors manage their exposure. In its press release, the exchange noted that this service would help investors “earn attractive returns at lower fees.”

Coinbase Bitcoin (BTI) and Coinbase Ethereum (ETI) futures contracts will both be available to investors through regulated Futures Commission Merchants (FCMs) and other affiliated brokers. The exchange also announced additional incentive programs for institutions participating in the contracts.

The future commercial contracts were carried due to popular demand due to its previous products. The exchange launched nano-contracts for Bitcoin (BT) and Ethereum (ET) and saw a massive surge in institutional demand for advanced derivatives products.

The company reiterated its commitment to creating a safe and transparent trading system with the necessary tools to make participants successful.

“The launch of institutional-size contracts represents another milestone in our ongoing mission to provide market participants with accessible and state-of-the-art financial instruments and underscores our commitment to providing solutions tailored to the needs of institutional clients,” the statement said.

On May 2, Coinbase announced its plans to open a derivatives exchange in Bermuda and allow users to trade perpetual futures contracts with 5x leverage as part of its international expansion plan. According to the announcement, all trades will be settled in USDC stablecoin to create balance and value for participants.

Coinbase marches on despite regulatory uncertainty

Coinbase has reiterated its commitment to complying with regulatory practices in all jurisdictions as it continues its international expansion. The announcement of futures trading contracts comes alongside the exchange’s request for regulatory clarity from the Securities and Exchange Commission (SEC).

The commission, in its response to Coinbase’s Mandamus write, stated that the rulemaking process could drag on for many years, but will continue to take enforcement action to bring clarity to the sector. The SEC also added that public statements do not constitute guidance or statements of policy.

While regulations remain unclear in the United States, Coinbase continues its global push and seeks to battle the competition for greater market share.

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