Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Seeking Alpha 2022-08-25 21:54:43

Coinbase to add retail-focused nano ether futures to its derivatives platform

Cryptocurrency exchange Coinbase Global (NASDAQ:COIN) will add so-called nano ether (ETH-USD) futures contracts to its derivatives platform on August 29 to attract more retail traders, according to a blog post dated Thursday.The move came after the company's derivatives exchange, formerly known as FairX, introduced nano bitcoin (BTC-USD) futures towards the end of June. Those contracts, of which a total of 2.9M have been traded as of August 24, require less upfront capital than traditional futures products."While still in its early stages, we believe that product innovation and an accessible entry point for the retail market have contributed to its success," the blog read. Similarly, CME Group (CME) said earlier in August that it's set to launch ether (ETH-USD) futures options on September 12, roughly the same time when the ETH blockchain is estimated to transition, or "merge," to a Proof-of-Stake consensus mechanism from Proof-of-Work.Earlier this week, Coinbase rolls out wrapped staked token for ether before merge.

freebitcoin
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.