NinjaTrader, Tradovate are among the first to offer new nano bitcoin futures from the Coinbase derivatives exchange
Offering zero commission, accessible technology offers individuals an affordable new way to invest and hedge in crypto
CHICAGO, June 27, 2022 /PRNewswire/ — NinjaTrader Group, LLC, a leading global provider of clearing, brokerage and technology solutions for active traders through its subsidiaries NinjaTrader and Tradovate, announced today that its firms are among the first to launch the emerging nano-bitcoin -Offer Futures (BIT). Contract just launched by Coinbase Derivatives Exchange. Individuals can trade this cryptocurrency futures contract through NinjaTrader or Tradovate with no commissions or market data fees.
Martin FranchiseNinjaTrader Group CEO said, “We are excited to continue to support global exchange product innovation tailored for the retail community. These exciting, affordable and accessible products will be available on our platform from the moment they are launched. Our unique Commission -Free Trading offering and innovative trading solutions offer active and new traders alike a hassle-free way to take a position or hedge exposure to the crypto market in a regulated US exchange environment. We anticipate significant interest in this new contract and believe it will a perfect product and marketability as retail investors continue to flock to the futures markets.”
Boris Ilyevsky, Head of Coinbase Derivatives Exchange, said: “We are delighted to be working with the NinjaTrader and Tradovate team. NinjaTrader’s reputation in the retail futures sector is unparalleled and Tradovate has worked with us from day one, sharing our values of creating world class products for their clients. We couldn’t be more excited to continue our partnership with them and together innovate new products for the retail community.”
Each nano bitcoin futures contract is sized at 1/100th the price of a bitcoin, which is the smallest cryptocurrency futures contract available today. The contract allows traders to go long or short bitcoin, providing an opportunity to take advantage of markets that go both ways. Those who have an existing crypto position can use the new nano-bitcoin contract to hedge against that position, and others who may have been hesitant to invest directly in bitcoin can participate in the price action for a much smaller investment take part.
The story goes on
Nano Bitcoin Futures are the latest addition to the tradable products available through NinjaTrader and Tradovate to improve access to the dynamic futures markets. By supporting the fast-growing retail audience as well as ongoing product and service innovation following NinjaTrader’s acquisition of Tradovate Holdings, LLC January 2022the combined company traded 10.2 million futures contracts May 2022.
About NinjaTrader Group, LLC
NinjaTrader provides active futures traders with award-winning trading software and futures brokerage services. Founded in 2003, NinjaTrader has grown into an industry leader, powering over 500,000 traders around the world with world-class technology, rebate commissions, and world-class support. Tradovate, a subsidiary of NinjaTrader Group, is an online futures brokerage firm dedicated to serving the needs of active retailers. Tradovate offers a modern, cloud-based futures trading platform and subscription-based, commission-free trading. Tradovate supports futures trading from anywhere, with full access to download the platform for Windows and/or Mac, log on the web with Chrome and other browsers, and trade from Apple or Android mobile devices.
For more information, visit www.ninjatrader.com and www.tradovate.com or follow @NinjaTrader and @Tradovate on Twitter.
FULL RISK DISCLOSURE: Futures, forex and options trading involves significant risks and may not be suitable for every investor. An investor could potentially lose all or more than their original investment. Venture capital is money that can be lost without jeopardizing your financial security or lifestyle. Only venture capital should be used for trading and only those with sufficient venture capital should consider trading. Past performance is not necessarily indicative of future results. Trading virtual currency derivatives involves a variety of unique and potentially significant risks. Before trading virtual currency, please read the CFTC and NFA disclosures on virtual currency transactions.
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SOURCE NinjaTrader; Tradovate