Crypto News: Coinbase, the U.S. biggest crypto exchange on Thursday announced that its derivatives exchange, which is a CFTC regulated futures exchange, will launch Bitcoin (BTC) and Ethereum (ETH) futures contracts on June 5. It added that these products will be available for the institutional investors.
As per Coinbase, institutional-sized contracts will be sized at 1 Bitcoin and 10 Ethereum in order to allow its client to manage exposures. The decision to launch these products came after a response the exchange received after the introduction of its nano Bitcoin (BIT) and nano Ether (ET) contracts.
It added that Coinbase Derivatives Exchange will be looking to address the needs of institutional investors with innovative solutions.
Earlier, Coinbase announced that it is opening a derivatives exchange in Bermuda and called it a part of its international expansion plan.