Coinbase will launch Nano Bitcoin futures through the former FairX exchange
In January of this year, Coinbase made a deal to buy the FairX exchange. The company said it planned to market cryptocurrency derivatives through it. And on Thursday, June 23, the press office of the exchange said that the launch of sales is scheduled for June 27.
The company, now called Coinbase Derivatives Exchange, will offer retail investors the Nano Bitcoin product at a price of 1/100 BTC. The sale will be made through several third-party leading brokers.
Notably, FairX already had a CFTC license at the time of the deal with Coinbase. Thus, the exchange in the shortest possible time got a fully legal access to the market of derivatives, which is estimated at $ 3 billion.
In the future, the exchange wants to offer customers futures directly. Coinbase Financial Market is waiting for regulatory approval to bring the brand’s new products to the stock market.
“This is the first step toward creating a robust and fully regulated crypto derivatives market,” Decrypt quoted Coinbase’s press office as saying.
As of this writing, BTC stands at $20,900. If “nano” futures went on sale today, they would be worth $209 a piece.
Ola Peterson is the author of eDieta in Cryptocurrency and Blockchain and lives in Toronto.
A very inquisitive person who is passionate about new technologies.
And of course she could not ignore such technology as blockchain and everything associated with it. Cryptocurrency, cryptocurrency exchanges, celebrities who are into crypto. Absorbs absolutely all information that is related to crypto.
She listened to Princeton University's course on crypto, watches all webinars on crypto, visits international exhibitions on blockchain and cryptocurrency.
