Coinbase, a U.S.-based cryptocurrency exchange, announced it will introduce 24/7 futures trading contracts for Bitcoin $77,228 and Ethereum
$1,839 in the coming weeks. This new offering is designed to help cryptocurrency investors manage market risks more effectively and compete in global derivative markets. The company emphasized that the product is developed in compliance with federal regulations and in close cooperation with the U.S. Commodity Futures Trading Commission (CFTC), aiming to align U.S. derivative markets with international standards.
Key Features of Futures Contracts
The futures products offered by Coinbase will eliminate restrictions like fixed trading hours and expiration dates, providing investors with a flexible infrastructure. The company highlighted that derivative products comprise a significant portion of trading volume in global cryptocurrency markets, and the 24/7 access aims to enable investors to respond quickly to sudden market movements.
Notable features of the product include risk management tools and innovative mechanisms developed for opportunity analysis. Coinbase aims to facilitate portfolio diversification for users with this product, particularly targeting an increase in participation from institutional investors in the cryptocurrency market. Additionally, contracts similar to those found in traditional financial markets are expected to strengthen market liquidity.
Regulatory Framework and Industry Collaboration
Coinbase is implementing the new futures contracts in compliance with CFTC regulations. The company stated that its collaboration with regulatory authorities aims to create a transparent and competitive market environment, prioritizing user protection mechanisms and market oversight systems.
Greg Tusar, a Coinbase official, noted that derivatives are a cornerstone of global cryptocurrency markets, stating that U.S. investors will become better equipped in risk management and strategy development. The company has also called on other industry players to develop similar products and support regulatory standards, suggesting that this collaboration will help the U.S. gain leadership in cryptocurrency derivative markets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.