Coinbase, a leading cryptocurrency exchange, has announced its plans to launch bitcoin and ether futures contracts tailored for institutional investors. The new futures products, known as Coinbase Bitcoin (BTI) and Ether (ETI) contracts, will be made available through third-party institutional futures commission merchants (FCMs) and brokerage firms.
Following the successful introduction of nano-sized contracts, Coinbase has observed substantial institutional interest and demand for advanced derivatives products. As a result, the San Francisco-based exchange has decided to introduce larger-scale futures contracts specifically designed for institutional clients on its regulated Coinbase Derivatives Exchange.
Coinbase will launch Bitcoin (BTI) and Ether (ETI) futures contracts on June 5, offering lower fees for institutional investors. The BTI contract will be based on 1 BTC, and the ETI contract on 10 ether. Coinbase has partnered with leading FCMs, brokers, and providers for seamless access through their platforms.
Over the last 24 hours, the overall volume of derivatives has amounted to $102 billion, marking a decrease of 24.69% compared to the preceding day. Prominent exchanges involved in this timeframe are Deepcoin and Bybit. To enhance its standing in the derivatives market, Coinbase intends to introduce institutional-sized USD-settled contracts, aiming to offer more accuracy and cater to institutional participants.
