Simon Ng Coinbase Financial Markets Introduces Crypto Futures to U.S. Clients
San Francisco’s prominent cryptocurrency exchange, Coinbase Financial Markets (CFM), has unveiled its leveraged crypto futures offerings for U.S. clients. As of now, these futures are available to Coinbase Advanced account holders. The feature is distinguished by its provision of nano-sized contracts, with denominations at one-hundredth of a bitcoin and one-tenth of an ethereum.
CFM’s primary objective behind this offering is to “democratize access to futures for mainstream crypto traders,” as stated in their recent Wednesday announcement. This addition allows Coinbase Advanced users in the U.S. to delve into these regulated futures contracts.
Coinbase elaborated on the utility of futures derivatives, emphasizing their capacity to assist traders in risk mitigation and portfolio diversification. They cautioned, however, about the dual-edged sword of leveraging in futures trading. The statement highlighted, “Using leverage in futures trading bears the potential for losses that can surpass the original investment amount.”
Distinctively, these futures contracts are tailored to the needs of retail traders, represented by their specific sizing at 1/100th of a bitcoin and 1/10th of an ethereum.
Coinbase acknowledged a significant stride in the world of cryptocurrency trading when CFM secured approval to proffer federally regulated futures trading back in August. They accentuated the importance of trader education in CFM’s overarching strategy, committing to an assortment of informative resources for traders. This array of content encompasses subjects from foundational futures trading insights to its advantages and inherent challenges.
On the financial front, the company’s stock, listed on Nasdaq as COIN, has seen a 0.48% monthly increase, a commendable 58% surge in the last half-year, and a noteworthy year-to-date ascent of 111% relative to the U.S. dollar. For interested clientele not enrolled in Coinbase Advanced, they can explore futures trading opportunities with CFM, contingent upon successful clearance of the requisite anti-money laundering and know-your-customer (AML/KYC) verifications.
Readers are encouraged to share their perspectives on Coinbase’s new futures crypto offerings for U.S. traders in the comments section.
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Frequently Asked Questions (FAQs) about fokus keyword: Coinbase Crypto Futures
What has Coinbase Financial Markets recently introduced?
Coinbase Financial Markets has unveiled leveraged crypto futures offerings for its U.S. clients, specifically tailored for Coinbase Advanced account holders.
Are these futures contracts available to all Coinbase users?
No, initially these futures contracts are available to Coinbase Advanced account holders. However, other clients can explore these trading opportunities upon clearing necessary anti-money laundering and know-your-customer (AML/KYC) verifications.
How are the futures contracts sized?
The futures contracts are particularly designed for retail traders, with denominations at one-hundredth of a bitcoin and one-tenth of an ethereum.
What is the primary objective behind CFM’s crypto futures offering?
CFM’s primary aim behind this launch is to democratize access to futures for mainstream crypto traders, as a way to provide more trading options and diversification opportunities.
Yes, Coinbase emphasized that using leverage in futures trading can result in losses that may exceed the original investment amount.
How is the Coinbase stock performing?
As of the recent data, the company’s stock, listed as COIN on Nasdaq, has seen a 0.48% monthly increase, a 58% surge in the last half-year, and a year-to-date ascent of 111% relative to the U.S. dollar.
3 comments
CFM’s got new crypto futures, good for diversifyin’ & hedgin’. Gotta watch that leverage though!
CoinBase doing big stuff again, futures for peeps like us. risk is high tho!
How can I get in on those futures if I’m not Advanced?