Coinbase Derivatives Exchange, a licensed futures exchange under the purview of the U.S. Commodity Futures Trading Commission, has made an exciting announcement regarding the availability of its cryptocurrency futures products.
These products are now accessible via the Trading Technologies International, Inc. (TT) platform.
This integration is a significant development for TT’s customer base, which includes institutional and professional traders.
It opens up direct access to regulated cryptocurrency futures trading directly from the TT platform.
Randy Myers, the Head of Crypto at Trading Technologies, expressed enthusiasm about this collaboration, highlighting the valuable tools offered to traders, such as Autospreader, ADL, and Aggregator.
The partnership between Coinbase Derivatives Exchange and Trading Technologies is geared towards enhancing the digital asset derivatives trading landscape.
It aims to provide users with a seamless and efficient experience while aligning with Coinbase Institutional’s overarching objective of expanding institutional access and adoption of digital asset derivatives.
This integration means that traders, hedgers, and brokers who use TT’s platform now have access to a range of cryptocurrency futures products.
These include “Nano”-sized Bitcoin and Ether futures (1/100th BTC and 1/10th ETH) and institutional-sized futures (1 BTC and 10 ETH).
Boris Ilevsky, the Head of Coinbase Derivatives Exchange, highlighted the importance of Trading Technologies in facilitating institutional access to their suite of crypto futures products.
He also noted that this collaboration, coupled with growing support from the FCM (Futures Commission Merchant) community, marks a significant milestone in meeting institutional demand for CFTC regulated crypto derivatives.
It’s worth noting that Coinbase had earlier introduced a global cryptocurrency derivatives exchange, following its shift to an offshore jurisdiction with a Bermuda license.
This move allowed Coinbase to offer the new platform exclusively to eligible non-U.S. institutional traders.
The platform went live in May, initially featuring Bitcoin and Ether perpetual futures contracts.
Leverage was capped at 5x, and all trades were settled in the stablecoin USD Coin.
Coinbase emphasized that this launch aligned with the increasing adoption of regulatory frameworks in various markets, positioning them as cryptocurrency hubs.