Cryptocurrency">Cryptocurrency exchange oinbase">Coinbase has launched regulated Bitcoin">Bitcoin and Ethereum">Ethereum futures contracts for US retail traders through its Advanced platform. This comes after receiving regulatory approval in August from the CFTC.
The “nano” sized futures aim to provide more affordable options for investors, requiring less upfront capital. Traders can invest in 1/100th of a Bitcoin contract and 1/10th of an Ethereum contract. Leverage is also available to potentially enhance earnings.
To access futures trading, users must sign up via the oinbase">Coinbase Advanced web platform. The feature is not yet on mobile. Users can go long or short to forecast Bitcoin and Ethereum price action.
The launch comes as oinbase">Coinbase faces SEC scrutiny over whether it meets security trading requirements. oinbase">Coinbase denies this claim. The exchange is also expanding in Europe, citing regulatory clarity in Ireland as a key factor.
The rollout of regulated crypto futures marks a milestone for retail investor access. While futures can carry risk, oinbase">Coinbase aims to open crypto derivatives to a broader range of traders through its nano contracts.
#crypto #coinbase #bitcoin #trading
