Coinbase Shakes Up The Crypto World With Bitcoin And Ethereum Futures Rollout
Portfolio Pulse from Murtuza Merchant
Coinbase Global Inc. announced the launch of institution-sized Bitcoin and Ethereum futures contracts on June 5. The new contracts, BTI and ETI futures, are designed to offer lower fees and enhance capital efficiency for institutions. Coinbase has also partnered with leading Futures Commission Merchants, brokers, and front-end providers to ensure access to these futures contracts.
June 02, 2023 | 8:58 pm
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Coinbase's launch of institution-sized Bitcoin and Ethereum futures contracts aims to enhance capital efficiency and reduce trading costs for institutions.
The launch of these futures contracts is expected to attract more institutional investors to Coinbase's platform, potentially increasing trading volume and revenue for the company. Lower fees and enhanced capital efficiency will make Coinbase more competitive in the market, which could positively impact its stock price in the short term.
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