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Coinbase Derivatives Exchange to Launch “Institutional Size” Bitcoin (BTC) and Ethereum (ETH) Futures Contracts


Major US-based cryptocurrency firm Coinbase says its derivatives exchange is preparing to launch “institutional-sized” Bitcoin (BTC) and Ethereum (ETH) futures contracts next week.

According to a new press release, the Coinbase Derivatives Exchange says it plans to make the contracts, called Coinbase Bitcoin (BTI) and Coinbase Ether (ETI), available on Monday, June 5.

The BTI and ETI will be settled in US dollars and represent one Bitcoin and 10 Ethereum per contract, respectively.

Says Boris Ilyevsky, head of Coinbase Derivatives Exchange,

“In addition to risk management and improved accuracy, these institutional-size contracts come with significantly lower fees than traditional offerings, allowing institutions to maximize their capital efficiency. By reducing trading costs, the Coinbase Derivatives Exchange aims to create an environment that encourages greater accessibility and participation, which will ultimately benefit the entire crypto ecosystem.

We have partnered with leading institutional FCMs (Futures Commission Merchants), brokers and front-end providers to further support institutional clients, enabling seamless access to these futures contracts through their robust trading platforms. negotiation”.

Coinbase Derivatives already offers Nano Bitcoin Futures (BIT), valued at 1/100 of Bitcoin, and Nano Ether Futures (ET), with a size of 1/10 of Ethereum. The exchange launched after the FairX futures exchange was acquired by Coinbase in 2022.

Coinbase (COIN) shares are trading at $64.55 as of this writing. COIN is up almost 8% in the last five days and more than 77% since the beginning of 2023.

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