StoneX offers clients access to Coinbase Derivative Exchange Contracts cleared by Nodal Clear

WASHINGTON–(BUSINESS WIRE)–StoneX Group Inc (StoneX), Coinbase Derivatives Exchange (CDE) and Nodal Clear today jointly announced that StoneX Financial Inc. clients now have access to the full suite of CDE contracts managed by Nodal be cleared.

These include CDE contracts on nano-bitcoin futures (BIT) and nano-ethereum futures (ET), which are 1/100th and 1/10th the size of the underlying commodity, respectively, giving retail traders access to liquid crypto markets.

“StoneX is committed to providing our clients with greater choice and access to all financial markets to maximize their futures trading needs,” said Clayton Passero, Managing Director and Head of Futures Online, StoneX Financial Group. “This agreement allows StoneX clients to access Coinbase’s robust product portfolio while benefiting from StoneX’s high-quality and transparent clearing and execution services.”

“We are pleased that StoneX is offering our futures contracts and look forward to their significant reach and distribution, which adds to the quality of our already liquid futures markets,” said Boris Ilyevsky, CEO of CDE. “StoneX retail clients will be able to trade accessible futures contracts tailored to their risk level, and we plan to make larger contracts available to meet growing institutional demand.”

“We are pleased to expand our clearing relationship with StoneX so that its clients can now access the products and services of the Coinbase Derivative Exchange,” said Paul Cusenza, Chairman and CEO of Nodal Clear. “We are pleased that StoneX customers will now have the opportunity to participate in all of the markets that Nodal Clear serves.”

About StoneX Group Inc.

StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and in-depth expertise . StoneX Group Inc. strives to be the only trusted partner for its clients, providing its network, products and services to enable them to take advantage of trading opportunities, manage their market risks, make investments and improve their business performance improve. Headquartered in New York City, StoneX Group Inc. is a Fortune 500 company listed on the Nasdaq Global Select Market (NASDAQ:SNEX) and its more than 3,300 employees serve more than 52,000 commercial, institutional and global payments customers and more than 370,000 retail accounts from more than 40 offices on five continents. Visit www.stonex.com for more information.

Via the Coinbase futures exchange.

Coinbase Derivatives Exchange (CDE) is a Designated Contract Market (DCM) under the Commodity Exchange Act and is regulated by the US Commodity Futures Trading Commission (CFTC). CDE is a futures exchange that combines exchange traded futures with Coinbase’s commitment to building products that are easy to understand, fair, accessible, efficient and transparent. CDE, formerly FairX, married a world-class team with deep expertise in product development, market structure, compliance, market-leading exchange technology and proven ability to provide regulated futures markets. For more information, visit: coinbase.com/derivatives

About Nodal Clear

Nodal Clear is a Derivatives Clearing Organization (DCO) under the Commodity Exchange Act and is regulated by the CFTC. Nodal Clear provides clearing services for central counterparties to Nodal Exchange and CDE. The novation process makes the clearinghouse the buyer for every seller and the seller for every buyer, significantly reducing the credit risk of market participants. Nodal Clear’s strong risk management practices create a solid market infrastructure for trading. Nodal Clear employs a bespoke portfolio margining methodology that appropriately margins contracts and provides capital efficiency for market participants. Further information, if available, at www.nodalclear.com

contacts

StoneX press contact:
Brian Bertsch

Head of Communications

Telephone: 201-669-5883

Email: [email protected]

Press contact of the futures exchange Coinbase:
coin base

Email: [email protected]

Nodal Clear press contact:
NicoleRichard

marketing chief

Telephone: 703-962-9816

Email: [email protected]