Coinbase launches BTC and ETH futures contracts, focusing on institutional investors, amid regulatory challenges in the U.S.
to Coinbase, the newly announced institutional-sized contracts will have a specific size of 1 Bitcoin and 10 Ether. This sizing is intended to enable clients to effectively manage market exposure. The decision to launch the products was driven by feedback the exchange received following the introduction of its nano Bitcoin futures and nano Ether futures contracts.
In addition, Coinbase stated that its derivatives exchange would be dedicated to fulfilling the requirements of institutional investors by offering them inventive solutions tailored to their specific needs., marking a step in its international expansion strategy. The exchange will allow traders to engage in speculation on the prices of Bitcoin and Ethereum through perpetual futures contracts.
The commission made it clear that it intends to utilize enforcement actions to bring clarity regarding the regulation of crypto assets. Nonetheless, the SEC emphasized that the public statements made by its chair Gary Gensler should not be interpreted as formal guidance or official policy statements issued by the commission.
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