© Reuters.
NEW YORK – Coinbase (NASDAQ:), a leading cryptocurrency exchange, has expanded its trading services by integrating direct trading of regulated Bitcoin (BTC) and (ETH) futures contracts on the Trading Technologies (TT) platform . The move, announced Tuesday, marks a significant expansion of Coinbase’s offering to institutional and professional traders who will benefit from sophisticated trading tools such as Autospreader, Algorithmic Design Language (ADL), and Aggregator.
The Coinbase Derivatives Exchange, which was unveiled in May with a license from the United States Commodity Futures Trading Commission (CFTC), now allows trading of perpetual futures contracts for and Ethereum. These futures contracts are settled in USD coin (USDC) and come with a maximum leverage of five times.
Coinbase Derivatives Exchange recently added “Nano”-sized bitcoin futures and institutional-sized ether futures to its product lineup. These new offerings are designed to improve institutional investors’ access to digital asset derivatives products, signaling Coinbase’s commitment to serving the needs of advanced traders in the evolving cryptocurrency market.
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