ICYMI: Coinbase to list nano ETH futures next week
Coinbase will go live with nano ether futures on its derivatives exchange on August 29, the company said Thursday.
Nano ETH futures are the second such derivatives product for Coinbase, which launched nano BTC futures in June."Coinbase Derivatives Exchange will be launching a Nano Ether futures contract on August 29th as we continue to build an accessible futures market for the retail trader," the firm said in aLikes its nano bitcoin futures, each contract will represent a fraction of an ETH token — in this case, 1/10th of a unit.
Coinbase kicked off its derivatives market push earlier this year with the acquisition of FairX, a derivatives market regulated by the Commodity Futures Trading Commission. As previously reported, Coinbase is looking to makeinto the US crypto derivatives market. Its broader market ambitions are subject to approval from US authorities, a state of affairs Coinbase pointed to in its Thursday blog post.
"Coinbase Financial Markets is awaiting approval for its license to operate a futures commission merchant to offer futures directly to our clients as we take another step in creating an accessible and regulated US crypto derivatives market," the firm said. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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