Coinbase offers nano bitcoin futures via the appointment exchange

Coinbase offers nano bitcoin futures via the appointment exchange

The big US stock exchange Coinbase said that next week she will start listing "nano" (bit) Bitcoin futures contracts, through a recent platform acquisition that aims to open up the lucrative crypto derivative market.

Every contract that is offered via third-party single-trade brokers has a size of 1/100 of a Bitcoin. According to a company, they are expected to be traded on the coinbase derivative Exchange, formerly Fairx, Blog entry on Thursday.

FAIRX, a derivate exchange regulated by the Commodity and Futures Trading Commission, was taken over at the beginning of this year - for a non -mentioned sum - to diversify the offer of Coinbase.

Coinbase, which Fairx took over in January, is waiting for a license for a license to work as a schedule commission dealer that will enable him to offer its customers on time to offer to Margin.

The acquisition was a " Department ”on the way of Coinbase to offer crypto derivatives for private and institutional customers in the USA, said the stock market provider at the time.

The BIT contract becomes the first listed crypto derivative product from Coinbase and comes from the fact that the commercial volumes continue to show large figures for the sector-in trillions of dollars.

A current report of a research company Cryptocompare at around 3.19 trillion US dollars. The derivative market now makes 61.7 % of the total cryptom market, as the study shows.

Coinbase hopes that its contracts geared to retail will be sufficient in connection with its user -friendly interface to distract users of competitors such as Binance, the share of which was 58 % in the same period.

"With 1/100 of the size of a Bitcoin it requires less preliminary capital than conventional futures products and creates a real opportunity for a significant expansion of the participation of retail in the regulated US crypto futures markets," said Coinbase in his contribution.

An attempt to tap fees for the derivative trade coincides with the decision of the stock exchange to set your Pro-Service, which is geared towards experienced dealers. Instead, Coinbase Pro is summarized in a uniform account within the more beginner-friendly coinbase platform under the name Advanced trade .

The large US exchange has suffered several setbacks after a declining crypto market, including a falling share price in the middle of 1,100 layoffs, while hundreds of further job offers were rejected.

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The article Coinbase to Offer 'nano' Bitcoin Futures via derivative Exchange is not a financial advice.