Coinbase Declare On March 10, you plan to provide a clock trading throughout the week for Bitcoin (BTC) and ETHER (ETH) for residents. The Stock Exchange also launches permanent future contracts with long expiration.
According to Coinbase, many of the current encryption derivatives market is outside the borders of the United States, where American merchants must move in fixed hours and expiration contracts, “which can create shortcomings.”
Futures are a type of derivative that includes creating a contract to buy or sell an asset at a specific price and date. When futures lack a date to buy and sell the original, they are called permanent, or “permanent” future contracts for a short period.
The uncertainty surrounding the permanent future contracts for encryption led to the non -allowing the American population to circulate these products. In its announcement, Coinbase said it works with the commodity futures trading committee. The agency oversees the trading of bat in commodities to ensure “these products” will meet “regulatory requirements”.
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The encryption derivative market reached $ 1.3 trillion in the monthly trading volume in September 2023, According to To Alpha Point, significantly exceeds the immediate encryption market. For central derivatives, non -American markets lead to trading volume.
Coinbase faces competition in the American derivative market
Coinbase's new services are facing competition from various companies, including the CME group, a 6.1 billion dollars derived from the United States in 2024. In the last quarter of 2024, the CME group recorded the average daily trading volume of $ 10 billion for encryption derivatives. However, the derivatives are only available for six -day trading a week.
In the February 2024 profit call, Lin Martin, CME financial manager, said that Crypto derivatives were among the “contracts we saw the biggest increases (in) this year.”
Coinbase may also face competition from its rival Robinhood, which in January announced its plans to present Bitcoin and Eter Futures. Coinbase already offers the option to trading encryption derivatives for us the population in Coinbase.
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