- Coinbase will launch the Bitcoin and Ethereum’s futures products 24/7 in their futures bag regulated by the CFTC, Derives Coinbase.
- The bag also plans a perpetual style futures contract.
Coinbase seeks to take advantage of the growing demand for operations with cryptocurrencies with an offer of futures 24 hours a day for Bitcoin (BTC) and Ethereum (ETH).
The stock market, the largest regulated provider based in the USA.
Coinbase declared in a advertisement On March 10 that this negotiation of futures 24 hours a day, 7 days a week for the two main digital assets for market capitalization will be implemented in the coming weeks.
“Today, US futures markets operate within fixed negotiation schedules, discouraged with nature 24 hours a day, 7 days a week of cryptocurrencies. This forces operators to remain on the sidelines during the key movements of the market, which limits their ability to react in real time. With the launch of access 24 hours a day, 7 days a week to the futures of Bitcoin and Ethereum, we are eliminating this gap, ”wrote Greg Tusar, vice president of institutional products of Coinbase.
The demand for futures operations is high
The stock market plans are also to reveal perpetual -style futures contracts to US clients, something that is not possible with offshore bags that are currently not subject to the regulations of the United States.
“While real trade 24 hours a day, 7 days a week is a fundamental step forward, we know that merchants want more. That is why we are also working to bring to the market a perpetual style
Coinbase will seek to participate in a market dominated by global cryptocurrency bags such as Binance and OKX. Meanwhile, it promises to provide users with opportunities in a market that is expected to benefit from the growing pro-written regulation, particularly in the US.
“Our goal is simple: to provide merchants the tools they need to administer the risk and take advantage of opportunities in cryptocurrencies, in their terms,” said Coinbase.
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