Coinbase Derivatives Exchange To Offer Nano Ether Futures Contract
Nano Ether Futures Contract is scheduled to launch on Coinbase Derivatives Exchange on August 29, 2022. It will be accessible for trading through third-party retail brokers and clearing firms with their names mentioned below.
Retail Brokers:
- Ironbeam
- EdgeClear
- Optimus Futures
- NinjaTrader
- Tradovate
- Stage 5
Clearing Firms:
- ADMIS
- ABN AMRO
- Dorman Trading
- Advantage Futures
- Wedbush
- ED&F Man
Nano Bitcoin Futures Contract was launched on June 27 and has been traded almost 2.9 million times as of August 24, 2022. It was earlier made available only to six retail brokers through the Designated Contract Market.
The daily trading average for the last 30 days stands at 77,000 contracts. It is still in its early stages; however, innovation and accessible entry points have driven it to the doors of success. Upfront capital required is less, allowing traders to conveniently go long or short while managing the risk of the volatile market.
The contract has been sized at 1/10th of an Ether. It will allow traders of all types to express their views after securely accessing the regulated US crypto derivatives markets. Hedging their underlying crypto assets will be another option.
A step to make the project more accessible and regulated is underway as Coinbase Financial Markets is waiting to receive approval for its license to operate as a Futures Commission Merchant (FCM).
Coinbase is a crypto exchange platform founded in 2012 with headquarters in San Francisco. Coinbase exchange has more than 56 million verified active users who buy, sell, and/or trade their favorite cryptocurrency. Its operations are functional in over 32 countries while holding the reputation of the most valuable public company in the United States of America.
Traders can easily manage their portfolios by buying and selling digital currency, and newcomers can conveniently begin their journey. An option to enable recurring buys is available, allowing traders to invest in cryptocurrencies as per their schedule slowly.
Coinbase Exchange has a mobile application that keeps traders on top of the trade market.
Influencers and experts can opt to join the affiliate program of Coinbase Exchange. They will be tasked with promoting the products and services of the crypto exchange platform for a commission in return. Coinbase Exchange accepts all the major cryptocurrencies and fiat currencies.
Expert traders can hop on to Coinbase Pro, an exclusive platform to meet their advanced trading skills. Coinbase has extended to 100+ countries to register a total volume of $320 billion. Security at the platform is top-notch as Coinbase strictly adheres to KYC rules and complies with all the regulations.
Anyone can start trading on Coinbase by visiting the official website and creating an account. Linking a bank account is mandatory to buy and/or sell digital assets.
