Coinbase Rolls Out Bitcoin and ETH Futures for US Investors
Popular cryptocurrency exchange Coinbase has announced the launch of its native Bitcoin and Ethereum futures contracts for US retail traders.
In a November 1 blog post, the US-based Bitcoin trading hub stated that the service is being rolled out via the Coinbase Advanced platform.
Now, retail customers in the US will gain access to regulated crypto futures contracts, all thanks to a previous August regulatory greenlight the exchange received.
In a post from August 17, the exchange announced that the Coinbase Financial Markets (CFM) had been given the go-ahead by the Commodity Futures Trading Commission (CFTC) subsidiary National Futures Association (NFA) to bring regulated cryptocurrency futures contracts to eligible US investors.
Speaking on its target market, Coinbase emphasized that the crypto futures offering is geared towards investors with shallower pockets. This is because each contract comes in small sizes or ‘nano’ forms.
Hence, traders can trade 1/100th of a Bitcoin futures contract and 1/10th of Ethereum contracts.
Providing more context, the crypto platform stated that these nano-sized futures contracts offer lower upfront capital requirements, which makes them affordable investment options for a broader range of retail investors.
To access this new feature, users will have to rely on the Coinbase Advanced web platform, as futures trading is not yet available for mobile devices.
Once they sign in and complete the personal details verification step, they can begin forecasting the price of Bitcoin and Ethereum by selecting either long or short to show their choice.
Additionally, a leverage option will be available, offering investors a potential avenue to enhance their earnings.
However, Coinbase emphasized that leverage
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