Jun 2, 2023 4:58 p.m | 1 minute read
Coinbase Global Inc.s (NASDAQ:COIN) futures exchange announced on Friday that it will launch on an institutional scale Bitcoin (CRYPTO: BTC) and ether (CRYPTO:ETH) futures contracts on June 5th.
The new treaties, named BTI and ETI futuresThe size is 1 Bitcoin or 10 Ethereum per contract. This sizing is designed to allow participants to precisely tailor their exposure to these emerging digital asset commodities and give traders the flexibility to capitalize on opportunities in a highly dynamic market environment.
Notably, these institutional contracts will offer significantly lower fees than traditional offerings.
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In a blog post, Coinbase explained that this move aims to improve capital efficiency for institutions, underscoring its commitment to increasing accessibility and participation in the crypto ecosystem by reducing trading costs.
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To further support its institutional clients, Coinbase has also partnered with leading Futures Commission Merchants (FCMs), brokers and front-end providers.
These partnerships aim to ensure access to these futures contracts through robust trading platforms.
“With the launch of these institutional-size contracts, billed in US dollars, we aim to enable institutional participants to more granularly manage crypto exposure, provide directional views, or track Bitcoin and Ether returns in a capital-efficient manner,” Coinbase explained.
Continue reading: Circle’s USDC Launches on Arbitrum: What It Means for Investors
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