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 announced on February 18 purpose at bridging conventional finance and the cryptocurrency sector, providing extra choices for merchants and traders.
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 big 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 contract
- nano Solana Futures (SOL): 5 SOL per contract
- Hedera Futures (HED): 5000 HBAR per contract
Coinbase now provides 19 futures contracts, together with Bitcoin, Ether, Dogecoin, Stellar, and Gold. The corporate goals to satisfy 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 purchasers. Since securing in August 2023, CFM has supplied 1000’s of retail traders with entry to futures contracts, in line with the announcement.
Now, eligible establishments can commerce futures by means of a regulated crypto-native Futures Fee Service provider (FCM), guaranteeing compliance, transparency, and safety.
EURC Perpetual Futures for Crypto-Native FX Buying and selling
In the meantime, Coinbase Worldwide Change has launched EURC perpetual futures, enabling 24/7 buying and selling of the Euro-backed stablecoin EURC towards USD Coin (USDC).
Notedly, this providing offers as much as 20x leverage and immediate settlement, making a crypto-native various to conventional international change (FX) markets.
With every day FX buying and selling volumes exceeding $7.5 trillion, this product goals to decentralize international finance by offering extra accessible buying and selling alternatives for non-U.S. establishments and retail traders.
