$800B Interactive Brokers Launches Bitcoin, Ethereum Futures via Coinbase Derivatives

Interactive Brokers, a global electronic broker, announced on Tuesday that it has expanded its crypto futures offering through Coinbase Derivatives. The IBKR platform will now offer nano Bitcoin and nano Ethereum futures contracts. This gives both retail and institutional investors greater access to crypto trading. The company’s stock is notably down on the day despite the expansion of its crypto offerings.

Interactive Brokers Announces Coinbase Nano Bitcoin and Ethereum Offering

$800 billion AUM Interactive Brokers has launched nano Bitcoin and nano Ethereum futures through Coinbase Derivatives. The contracts come with monthly expiries or perpetual-style options, giving clients a cost-effective way to access crypto and manage risk. The trading will be available 24/7, as per a press release on February 10.

Nano futures are smaller contracts, like 0.01 BTC and 0.10 ETH, which have lower entry costs and allow for more precise position sizing. This lowers the capital required as compared to other crypto futures, making regulated crypto derivatives available to more traders.

Milan Galik, CEO of Interactive Brokers, highlighted the rising interest in perpetual-style crypto futures. “Perpetual-style crypto futures have become popular with traders because they provide long-dated exposure and greater flexibility,” said Milan Galik.

TradFi’s Growing Interest in Crypto Offering

TradFi showed growing interest in crypto trading and custody offerings amid the crypto-friendly Trump administration. Morgan Stanley partnered with Zerohash to enable Bitcoin, Ethereum, and Solana trading for clients. Bank of America also began recommending clients to invest up to 4% of their portfolio in Bitcoin and crypto assets.

Interactive Brokers has continued to grow its crypto offerings since it began allowing trading of assets like Bitcoin, Ethereum, XRP, Solana, Litecoin, and Bitcoin Cash through its partnership with Paxos. Notably, the broker had last month enabled stablecoin funding for brokerage accounts, enabling to trade traditional securities with these dollar-backed coins.

The latest collaboration with Coinbase enables traders to manage crypto positions alongside stocks, options, bonds, and other traditional assets in a single account.

As CoinGape reported, CME expanded futures and micro futures offerings, adding Cardano, Chainlink, and Stellar. The IBKR platform has also offered CME micro Bitcoin and Ethereum futures for years, along with access to spot Bitcoin ETFs.

BTC price jumped slightly after the announcement, trading near $69,272. The 24-hour low and high are $67,913 and $71,076, respectively. Meanwhile, the ETH price is trading 2% lower at $2,020.

Meanwhile, Interactive Brokers’ stock is down amid this announcement. TradingView data shows that IBKR is currently trading at around $77, down over 1% from yesterday’s close above $78.