Coinbase is one of the leading cryptocurrency exchanges in the United States and has been experiencing significant growth in recent times.
With the crypto industry facing regulatory challenges in the United States, Coinbase is trying to move forward by expanding its product portfolio and enhancing services for institutional investors. office.
The introduction of Bitcoin and Ether futures through a derivatives exchange regulated by the Commodity Futures Trading Commission is an important step in this direction. Futures contracts will help institutional investors effectively manage their exposure to the cryptocurrency market and expand their investment opportunities.
Additionally, Coinbase is also expanding its international footprint through the launch of a derivatives exchange in Bermuda. The exchange will allow traders to speculate on the price of Bitcoin and Ethereum through perpetual futures contracts. Using up to 5x leverage in these trades will allow traders to increase their exposure and take advantage of the cryptocurrency’s price movements.
Finally, Coinbase also ensures that all transactions on its exchange will be settled in Circle’s stablecoin USD Coin (USDC). This provides a stable and reliable representation of value for participating traders.
Coinbase’s expansive steps in introducing futures and their international expansion demonstrate the company’s commitment to growing and meeting the needs of institutional investors in the industry electronic money