Coinbase to launch 24/7 BTC, ETH futures in US

Quick Summary:

In a February 2024 earnings call, Lynn Martin, CME’s chief financial officer, said crypto derivatives were among the “contracts that we saw the largest increases [in] this year.”Coinbase may also face competition from rival Robinhood, which announced in January its own plans to offer Bitcoin and Ether futures.

The agency oversees the trading of perpetuals for commodities to ensure these products “meet regulatory requirements.”Related: US Bitcoin reserve ups volatility, futures recoilThe crypto derivatives market reached $1.3 trillion in monthly trading volume in September 2023, according to Alpha Point, significantly exceeding the spot crypto market.

According to Coinbase, much of the current crypto derivatives market takes place outside of US borders, with American traders having to navigate fixed hours and expiring contracts, “which can create inefficiencies.”Futures are a type of derivative that involves creating a contract to buy or sell an asset at a certain price and date.

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Article Details

Author / Journalist: Cointelegraph by Christopher Tepedino

Category: Crypto

Markets: United States

Topics: Futures Crypto Coinbase Trading Competition Derivatives Products Bitcoin Group Perpetual Residents

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-10 @ 19:36:08 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 371 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26862726

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 890 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #11

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