latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Coinbase to Launch Bitcoin and Ether Futures Contracts for Institutional Investors on June 5 

Coinbase to Launch Bitcoin and Ether Futures Contracts for Institutional Investors on June 5 
Popular crypto exchange Coinbase will launch Bitcoin and Ethereum futures contracts for institutional investors on June 5, the company said on its website. 
The company will launch these products through CFTC-regulated Coinbase Derivative Exchange, promising lower fees than other US-regulated derivatives exchanges. 
BTI and ETI for Institutional Investors   
Coinbase has partnered with leading FCMs (Futures Commission Merchants), brokers, and front-end providers to enable institutional clients seamless access to these contracts.
“The Coinbase Bitcoin (BTI) and Coinbase Ether (ETI) futures contracts will be accessible through leading third-party institutional futures commission merchants (FCMs) and brokers,” the  statement  said.
To help investors manage their portfolios effectively, BTI and ETI will be available in 1 Bitcoin and 10 Ether contracts.
The decision to launch these futures contracts followed the release of nano bitcoin (BIT) and nano Ether (ET) contracts earlier. 
“With the launch of these institutional-sized USD-settled contracts, we look to empower institutional participants with greater precision in managing crypto exposure, expressing directional views, or tracking Bitcoin and Ether returns in a capital-efficient way,” Coinbase said. 
Coinbase Looking Beyond US
Over the past two months, Coinbase was in the news for exploring friendlier jurisdictions for its entire range of offerings. As part of this endeavor, it secured a  license  in Bermuda, where a crypto regulation has been in place since 2018.
Based in Bermuda, the company  launched the Coinbase International Exchange for non-US institutional investors, a derivatives exchange offering perpetual futures contracts. Furthermore, Coinbase is believed to evaluate options in European Union and the UK for setting its base.  
Although Coinbase says it’s committed to the US, its disillusionment with the world’s largest crypto market came recently when the regulators signaled that they might investigate the company’s staking services, calling them unregulated securities.
While Coinbase has  refuted these claims, the regulatory scrutiny of crypto firms in the US has become more intense in the past few months, especially after FTX’s collapse. With the prolonged downturn keeping crypto firms under check, big entities like Coinbase must look beyond the US to retain their leadership position in the crypto business. 
The post Coinbase to Launch Bitcoin and Ether Futures Contracts for Institutional Investors on June 5  appeared first on CryptoPotato . shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Read the full Article:  ⭲ Coinbase to Launch Bitcoin and Ether Futures Contracts for Institutional Investors on June 5 

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News

GlobaleCrypto Reinvents Cloud Mining: Signuo and get 7$

Dokky Bookcase Script