NewsletterBreaking: Coinbase Derivatives Exchange To Launch BTC, ETH Futures On June 5
Crypto News: Coinbase, the U.S. biggest crypto exchange on Thursday announced that its derivatives exchange, which is a CFTC regulated futures exchange, will launch Bitcoin (BTC) and Ethereum (ETH) futures contracts on June 5. It added that these products will be available for the institutional investors.
Also Read: Ripple Exec Marks This Crypto Hearing “Crucial” Ahead Of Hinman Doc Release
Coinbase Launches BTC, ETH Futures
As per Coinbase, institutional-sized contracts will be sized at 1 Bitcoin and 10 Ethereum in order to allow its client to manage exposures. The decision to launch these products came after a response the exchange received after the introduction of its nano Bitcoin (BIT) and nano Ether (ET) contracts.
It added that Coinbase Derivatives Exchange will be addressing the needs of institutional investors with innovative solutions.
Earlier, Coinbase announced that it is opening a derivatives exchange in Bermuda and called it a part of its international expansion plan. It also highlighted that initially, the exchange will allow traders to bet on BTC and ETH prices via perpetual futures contracts with 5X leverage. While all the trades will be settled in the Circle’s stablecoin, USDC. Read More Crypto News Here…
Also Read: Ripple Escrow Unlocked; Whales Dump 100 Million XRP
Crypto And US SEC
Coinbase’s this move comes in when the crypto exchange is fighting for regulatory clarity around digital assets trading in the U.S. The SEC in reply to the crypto exchange’s petition for a writ of mandamus stated that the rulemaking may take years and they’re in no rush.
The commission mentioned that it will be utilizing enforcement actions in order to provide clarity around the crypto assets. However, the SEC stated that Chair Gary Gensler’s public statements are not formal guidance nor they are policy statements from the commission.
This suggests that the U.S. biggest crypto exchange will be launching more crypto products globally while seeking clarity in its own nation.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Ripple Moves Over $101 Million in XRP to Binance, What’s Next?
- BONK Scores Major Win as Team Adjusts Fee Structure to Boost DAT Purchases
- Kalshi, Robinhood and Crypto com Face Cease & Desist Order in Connecticut
- First Chainlink ETF Sees Massive Investor Activity with $41M in Inflows on Launch
- $12T Charles Schwab to Launch Bitcoin and Ethereum Trading in Early 2026, CEO Confirms
- Ethereum Price Reclaims $3,200 as Shark Wallets Accelerate Accumulation
- Dogecoin Price Holds $0.15: Bullish Reversal or Just a Temporary Bounce?
- Sui Price Surges 10% As Vanguard Group Adds SUI to Bitwise 10 Crypto Index
- Bitcoin Price Prediction: Will Next Bull Run Push BTC to $100,000?
- Pepe Coin Price Risks 80% Crash as Alarming Pattern Forms and 6.5T Inflows
- Chainlink Price Surges 20%: What’s Driving Massive Upswing?
