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Coinbase Launches 1st Crypto Derivatives Product, Focusing on Retail Brokers

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Coinbase Derivatives Exchange (formerly FairX) is launching its first crypto derivatives product, Nano Bitcoin futures (BIT), on June 27.

Coinbase said that BIT would initially target several leading broker intermediaries, including retail brokers EdgeClear, Ironbeam, NinjaTrader, Optimus Futures, Stage 5, and Tradovate, and clearing firms ABN AMRO, ADMIS, Advantage Futures, ED&F Man, Ironbeam and Wedbush.

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