Coinbase Derivatives Exchange Gears Up for Bitcoin and Eth Futures

BTC,ETH Futures are being prepared by Coinbase Derivatives Exchange.

Coinbase is launching Bitcoin and Ethereum futures contracts for institutional investors on its derivatives exchange on June 5th. The contracts will be set at 1 Bitcoin and 10 Ethereum, allowing clients to manage their market exposures effectively. This move comes as part of Coinbase's strategy to cater to the specific needs of institutional investors with innovative solutions. The announcement follows Coinbase's May 2nd decision to establish a derivatives exchange in Bermuda, which offers traders the ability to speculate on Bitcoin and Ethereum prices. All trades will be settled in Circle's stablecoin, USDC.