Coinbase’s crypto-derivative division has declared the start of futures trading for Bitcoin (BTC) and Ether (ETH) for institutional investors on June 5, offering 1 BTC and 10 ETH futures contracts to be settled monthly in US dollars.
This will provide traders with the means to hedge risks and employ complex trading strategies.
Earlier in March, Coinbase revealed its plan to establish a worldwide crypto-platform beyond US control.
As of June 2, the open interest for BTC and ETH futures was estimated at $11.62 billion and $6.03 billion, respectively, according to CoinGlass.
