Coinbase will roll out its first derivatives product next week with the launch of so-called"nano" bitcoin futures.by Coinbase this year — said it would"launch its first listed crypto derivatives product on June 27, 2022: Nano Bitcoin futures contract , with each contract sized at 1/100th of a bitcoin."on the Coinbase Derivatives website, the initial offering is a USD-settled index future.
"Initially, BIT futures will be available for trading via several leading broker intermediaries, including retail brokers EdgeClear, Ironbeam, NinjaTrader, Optimus Futures, Stage 5, and Tradovate, and clearing firms ABN AMRO, ADMIS, Advantage Futures, ED&F Man, Ironbeam and Wedbush," Coinbase explained in the post, adding that it ultimately plans to offer these products directly should it receive approval as a futures commission merchant by the Commodity Futures Trading Commission.
"Coinbase is awaiting regulatory approval on its own futures commission merchant license so we can offer margined futures contracts directly to our clients," the post explained.were outlined during a May presentation at a conference in March, as The Block previously reported. In its post, Coinbase pitched the futures contract as having a retail focus.
I shouldn't worry about Coinbase too much at this point, - they've patently decided to run the company into the ground while extracting as much short-term gain from their users as they can in the interim. $COIN CoinToZero
Coinbase, you be just taking the piss at this point. Nobody wants your fake 'nano' futures. They want real Nano $XNO. List it.
Listing nano is the most upvoted request on Coinbase subreddit. But hey... Nano Bitcoin Futures seems a lot better. 🤡
Time to fire up that leverage, gonna lose so much money using it on god
startt now don't be afraid
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