Coinbase is launching Bitcoin (BTC) and Ether (ETH) futures for its users in the US.
According to the statement made by Coinbase, the exchange is launching futures trading in the USA. These transactions will include BTC and ETH futures via Coinbase Financial Markets (CFM). Coinbase’s futures transactions will be available to customers in the United States who have completed the eligibility requirements.
Coinbase winked at futures trading
US-based crypto exchange Coinbase is launching futures trading on its platform after many years. Coinbase, unlike its competitors such as exchanges such as Binance, OKX and HTX, stayed away from futures trading. With the latest development, Bitcoin and Ether futures will be launched on Coinbase.
Coinbase will operate futures trading through Coinbase Financial Markets (CFM). In the announcement, it was stated that regulated leveraged transactions were initiated. Coinbase has signaled that it is flying under the SEC’s radar, with its emphasis on regulation.
Futures are known as the most frequently used trading tool by crypto traders. In futures transactions, traders can use their assets downwards or upwards depending on the amount of leverage. The leverage amount can be adjusted between 1 and 200 times depending on the cryptocurrency.
According to Coinbase’s announcement, up to 100 times leverage can be used for BTC and 10 times leverage for ETH in futures transactions.
Other details in the announcement are as follows: