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Coinbase to Launch 24/7 Bitcoin and Ethereum Futures Trading in the US
In a significant move, Coinbase has announced plans to introduce perpetual-style futures contracts for Bitcoin (BTC) and Ethereum (ETH) in the United States. This development comes as a response to growing demand for such products, which have been in high demand globally.
According to an official statement from Coinbase, the exchange aims to bridge the gap between US regulations and global market trends by offering these types of trading options. The move is seen as a major step forward in providing traders with more tools and flexibility to manage risk and seize opportunities in the cryptocurrency markets.
Coinbase’s decision to enter this market comes at a time when there is an increasing interest in derivatives trading, particularly among institutional investors and sophisticated traders. It also highlights the company’s commitment to meeting evolving customer demands while ensuring compliance with US regulatory standards.
As part of its efforts to provide innovative financial products to users, Coinbase will be offering perpetual-style futures contracts for both Bitcoin and Ethereum. This move is significant as it marks a first in the US market, allowing customers to trade on these instruments around the clock without any limitations or restrictions.
In recent times, global exchanges such as Binance and OKX have been dominating the derivatives trading space. However, Coinbase’s foray into this area could potentially change the landscape as it seeks to tap into the growing demand for such products within the US market.
The move is seen as a significant development in the cryptocurrency sector as it would grant US-based traders access to perpetual-style futures contracts, which are currently unavailable on offshore exchanges due to regulatory constraints.
Coinbase’s commitment to innovation and customer satisfaction has been instrumental in the growth of its user base.
Source: https://coinjournal.net/news/coinbase-to-launch-24-7-bitcoin-and-ethereum-futures-in-the-us/
