Coinbase Derivatives Exchange Adds Nano Ether Futures

Sized at 1/10th of an ether, the contract unlocks another opportunity to trade the price of a popular digital asset with less upfront capital than traditional futures products. This will enable all types of traders to securely access regulated U.S. crypto derivatives markets to express their views or hedge their underlying crypto assets.This launch follows the introduction of our Nano Bitcoin futures contract, which was made available on June 27th to the participants of six retail brokers through our CFTC-regulated Designated Contract Market (DCM). In the last 30 days, that contract has traded an average of 77,000 contracts per day.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. At 1/100th of Bitcoin, our Nano Bitcoin futures contract requires less upfront capital, allowing participants to easily go long or short the price of Bitcoin and manage risk in volatile markets.Similar to the Bitcoin contract, the Nano Ether futures will be made available for trading via the following retail brokers EdgeClear, Ironbeam, NinjaTrader, Optimus Futures, Stage 5, and Tradovate, and clearing firms ABN AMRO, ADMIS, Advantage Futures, Dorman Trading, ED&F Man, Ironbeam and Wedbush.Coinbase Financial Markets is awaiting approval for its license to operate a futures commission merchant (“FCM”) to offer futures directly to our clients as we take another step in creating an accessible and regulated U.S. crypto derivatives market.For more information on our products, visit coinbase.com/derivatives.Source: Coinbase