Coin base reservations are looking to launch around the clock Futures trade with Bitcoin (BTC) and Ether (ETH), the CFTC-regulated futures arm for crypto exchange announced on Monday.
The exchange is planning to offer both large and nano-size contracts, it said in a press release, for both retail and institutional dealers who will be available 24/7 in an attempt to bridge the bridge between regular trade times and the day in the crypto market, it says.
This hole, Coinbase said, “forces traders to sit on the sidelines under key market movements, which limits their ability to respond in real time.”
The exchange is also working to launch futures in eternal style in the United States with long dated outlet.
According to Coinbase, derivatives draw 75% of trading volume globally, making them a “cornerstone” of crypto markets. As a result of this, there has been a strong demand from crypto-native American clients for regulated futures.
This launch that is in partnership with Nodal Clear for CFTC-Regulated Clearing represents the first 24/7 accessible crypto-futures in the US
CME Group, the largest traditional derivative exchange in the United States, has offered several different crypto futures, but these are only available for trading in the US trading times.
