Bitcoin and Ethereum for wealthy institutions: Coinbase thinks big


Bitcoin and Ethereum become institutionalized – If the crypto-exchange Coinbase must Defend against regulatory harassment from the SEC (Securities and Exchange Commission), this does not prevent it from making progress on projects to diversify its offer. Brian Armstrong’s crypto group will thus offer new futures contracts (future) on Bitcoin (BTC) and Ethereum (ETH), aimed specifically at very wealthy investors institutional.

Two future institutional grade for Bitcoin and Ethereum

Far from being slowed down by the overzealous US financial police, the group Coinbase instead press the accelerator. After having diversified abroad with Coinbase International Exchange (no longer based in the USA, but in Bermuda), the group reinforces henceforth its offer intended for “zinzins” (institutional investors).

In a recent publication on its blog, Coinbase indeed announces the launch of two new crypto futures contracts institutional scale. It’s his branch Coinbase Derivatives Exchangeduly regulated by the CFTC, which will launch these new derivative products based on the two most valued cryptocurrencies on the market.

According to the announcement, this Bitcoin futures contract, “BTI”as well as the one on Ethereum, “ETI”will be accessible through institutional brokers “foreground”. These contracts future see their launch this Monday June 5 2023.

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A new offer from Coinbase to meet the demand of professional investors

After the launch a year ago, in June 2022, of its first derivative products (nano-futures on Bitcoin and Ethereum), the teams of Coinbase Derivatives Exchange have noticed a significant “institutional demand”. Which prompted them to go up a size.

The promise of the exchange is to provide these whale investors with “precisely manage their risks”while aiming for “attractive returns”. This, with fees advertised as lower than its competitors regulated in the United States.

In detail, we learn that these BTI and ETI contracts will individually have a respective size of 1 bitcoin (approximately $26,800 at the time of writing), and 10 ether (either $18,700 at the current price). Given their minimum size, it is indeed obvious that these future will only suit the wealthy, in addition to institutional funds.

With its new BTC and ETH derivatives, Coinbase wants to promote theaccessibility and the participation of its current and future institutional clients, so that this “benefits the entire crypto ecosystem”. Now that they are getting more and more done, the zinzins have, in fact, no more excuses for increase their position in digital assetsas they announced in a majority poll at the end of 2022.

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