Coinbase Derivatives Exchange Launching Nano ETH Futures Contract
Join Our Telegram channel to stay up to date on breaking news coverage Coinbase Derivatives Exchange, previously known as FairX, is launching a Nano Ether futures contract this month, hoping to improve the accessibility of the futures market to retail traders. On June 27, the futures exchange, which is regulated by the Commodity Futures Trading Commission (CFTC), launched Nano Bitcoin futures (BIT). Regulatory approval was then needed for Coinbase to offer these contracts to their clients. This move was expected to unlock significant growth by increasing the accessibility to the crypto market which represented $3T in value at that time. This launch came in at a time when the crypto market was in a very volatile condition, with the Terra LUNA crash supplementing a market-wide crash. Earlier that year, Coinbase bought FairX to launch their crypto derivatives after receiving the necessary regulatory approval a year prior. In the last thirty days itself, the Nano Bitcoin futur...