U.S. Based Coinbase Introduces Round-the-Clock Bitcoin and Ethereum Future Trading
Ever-Active Crypto Trading:
Breaking barriers in the crypto derivatives market, Coinbase has just launched a 24/7 trading platform for Bitcoin and Ethereum futures. This landmark move makes Coinbase the first CFTC-regulated derivatives exchange in the U.S. offering continuous access to crypto futures contracts.
Previously restricted to traditional market hours, traders can now buy and sell futures contracts at any time. This shift signals a departure from the rigid trading schedule, catering to the always-active nature of the crypto world. The San Francisco-based exchange first hinted at this initiative back in March, aspiring to bridge the gap between the U.S. trading schedule and the global crypto market.
Currently, over 75% of global crypto trading volume takes place outside of U.S. market hours. By offering 24/7 trading, Coinbase aims to compete on a global scale and capture a larger share of the market.
The new platform includes both nano and large-sized contracts, giving investors a flexible trading experience. Traders can strategize orders, manage risk, and hedge positions around the clock. All trades are processed through Nodal Clear, a CFTC-regulated clearinghouse designed for 24/7 operations. Liquidity for the new market is bolstered by top firms like Virtu Financial.
Paul Cusenza, Chairman and CEO of Nodal Clear, remarks, "Extending futures trading to a 24/7 cycle is a fundamental transformation in market structure, demanding robust risk management around the clock." Nodal Clear takes pride in providing the necessary infrastructure to make this innovation possible.
Trading access is available via Futures Commission Merchants (FCMs) such as ABN AMRO, Wedbush Securities, and Coinbase Financial Markets. Andy Sears, CEO of Coinbase Financial Markets, praises the move as a "game-changer for the industry."
Coinbase's latest move follows their recent acquisition of Deribit, a Bitcoin and Ether options trading platform, for $2.9 billion. This strategic move aims to bolster Coinbase's position in the crypto derivatives space. Additionally, the exchange is working towards introducing perpetual futures within the U.S. market, under a regulated framework.
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[1] How Coinbase's Unique Infrastructure Will Help It Win the Derivatives Game
[2] Coinbase to Launch 24/7 Bitcoin and Ethereum Futures Trading
[3] Coinbase eyes 24/7 Bitcoin and Ethereum futures trading as volume shifts globally
[4] Coinbase Buys Deribit in $2.9 Billion Deal
- With the launch of a 24/7 Bitcoin and Ethereum futures trading platform, Coinbase aims to strengthen its position in the crypto derivatives space, following their recent acquisition of Deribit.
- Coinbase's new platform offers continuous access to crypto futures contracts, an essential addition to the technology-driven crypto world where over 75% of global trading volume takes place outside of U.S. market hours.
- Wedbush Securities, alongside other Futures Commission Merchants (FCMs), provides trading access to Coinbase's 24/7 Bitcoin and Ethereum futures, a move that Andy Sears, CEO of Coinbase Financial Markets, describes as a "game-changer" for the industry.
- The new 24/7 trading platform includes both nano and large-sized contracts, enabling investors to strategize orders, manage risk, and hedge positions around the clock, demonstrating the exchange's commitment to providing a flexible and robust trading experience.
