Coinbase is advancing its presence within the crypto derivatives market by introducing new futures contracts for Solana (SOL) and Hedera (HBAR), securing regulatory approvals, and increasing institutional entry.
Notably, these initiatives introduced on February 18 goal at bridging conventional finance and the cryptocurrency sector, providing extra choices for merchants and buyers.
Coinbase’s New CFTC-Regulated Solana and Hedera Futures Contracts
Considerably, the U.S. Commodity Futures Buying and selling Fee (CFTC) has licensed Coinbase Derivatives, LLC (CDE) to launch futures contracts for Solana and Hedera. For context, this approval marks a major regulatory step ahead within the U.S. crypto derivatives panorama.
Accordingly, the specs for the brand new futures contracts Coinbase is launching are:
Solana Futures (SLC): 100 SOL per contractnano Solana Futures (SOL): 5 SOL per contractHedera Futures (HED): 5000 HBAR per contract
Coinbase now provides 19 futures contracts, together with Bitcoin, Ether, Dogecoin, Stellar, and Gold. The corporate goals to fulfill rising demand for regulated crypto funding merchandise.
Institutional Entry to Regulated Crypto Futures
Coinbase Monetary Markets, Inc. (CFM) has expanded entry to regulated futures buying and selling for institutional shoppers. Since securing in August 2023, CFM has supplied hundreds of retail buyers with entry to futures contracts, based on the announcement.
Now, eligible establishments can commerce futures by means of a regulated crypto-native Futures Fee Service provider (FCM), making certain compliance, transparency, and safety.
EURC Perpetual Futures for Crypto-Native FX Buying and selling
In the meantime, Coinbase Worldwide Trade has launched EURC perpetual futures, enabling 24/7 buying and selling of the Euro-backed stablecoin EURC in opposition to USD Coin (USDC).
Notedly, this providing supplies as much as 20x leverage and immediate settlement, making a crypto-native different to conventional international change (FX) markets.
With each day FX buying and selling volumes exceeding $7.5 trillion, this product goals to decentralize world finance by offering extra accessible buying and selling alternatives for non-U.S. establishments and retail buyers.
