Coinbase Expands Futures Offering

Coinbase Expands Futures Offering – Coinbase announced that it intends to expand its offering of bitcoin and ether futures contracts to institutional investors on its derivatives exchange. The company stated that the futures contracts for Coinbase Bitcoin (BTI) and Ether (ETI) will be made available through third-party institutional futures commission merchants (FCMs) and brokerage firms.

After launching nano-sized bitcoin and ether contracts, Coinbase reported significant interest and demand from institutional investors for more sophisticated derivatives products. Consequently, the exchange, headquartered in San Francisco, has decided to introduce bitcoin and ether futures contracts in larger sizes specifically for institutional investors on its regulated Coinbase Derivatives Exchange.

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Starting from June 5, the newly introduced futures products by Coinbase will be accessible. The Coinbase Bitcoin (BTI) futures contract will be set at 1 BTC per contract, while the Coinbase Ether (ETI) futures contract will be set at 10 ether per contract. Coinbase emphasizes that these contracts cater specifically to institutional investors and offer considerably lower fees compared to conventional options. This feature allows institutions to optimize their capital utilization. 

Furthermore, Coinbase underscores that these contracts will be accessible through third-party platforms. Coinbase stated, “We have partnered with institutional-leading FCMs, brokers, and front-end providers to support institutional clients further, enabling seamless access to these futures contracts through their robust trading platforms.”

In the past 24 hours, the total derivatives volume is at $102 billion, currently 24.69% lower than the previous day. This weekend’s top three derivatives exchanges include Binance, Deepcoin, and Bybit. “With the launch of these institutional-sized USD-settled contracts, we aim to empower institutional participants with greater precision,” added Coinbase.


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