Coinbase introduces Bitcoin and Ether futures contracts for institutional investors on June 5th
Coinbase introduces Bitcoin and Ether futures contracts for institutional investors on June 5th
The popular crypto exchange Coinbase will introduce Bitcoin and Ethereum-Futures Contracts for institutional investors on June 5, the company said on its website.
The company will introduce these products via the CFTC-regulated coinbase derivative Exchange and promises lower fees than other derivate exchanges regulated in the USA.
BTI and ETI for institutional investors
Coinbase has worked with leading FCMS (Futures Commission Merchants), brokers and front-end providers to provide institutional customers seamless access to these contracts.
"The Futures Contracts of Coinbase Bitcoin (BTI) and Coinbase Ether (ETI) will be accessible via leading institutional futures commission dealers (FCMS) and brokers from third-party."
To help investors effectively manage their portfolios, BTI and ETI will be available in 1-bitcoin and 10 ether contracts. The decision to introduce these deadline controls took place after the publication of nano-bitcoin (bit) and nano ether (et) contracts before. "With the introduction of these contracts billed in institutional size, we would like to enable institutional participants to manage crypto engagement, the expression of directional views or the persecution of Bitcoin and Ether returns in capital-efficient ways," said Coinbase. In the past two months, Coinbase made headlines because it explored friendlier jurisdiction for his entire offer. As part of this project, it was secured A License on the Bermudas, where cryptor regulation has been in effect since 2018. The company based on the Bermudas has launched Coinbase International Exchange for institutional investors outside the United States, a derivation exchange that offers unlimited conditions. In addition, it is assumed that Coinbase checks options in the European Union and in the United Kingdom to determine its base. Although Coinbase says that it feels committed to the United States, its disillusionment over the world's largest cryptoma market was only recently when the supervisory authorities signaled that they could examine the company's pilot services.
While Coinbase has refuted these claims, the official control of crypto companies in the United States has become more intensive in recent months, especially after the collapse of FTX. Since the persistent downturn keeps the crypto companies under control, large companies such as Coinbase have to look beyond the United States in order to claim their leadership position in the crypto business. . Coinbase looks beyond the USA