Coinbase Derivatives has launched new cryptocurrency futures contracts for Bitcoin Cash (BCH) and Litecoin (LTC), aiming to provide retail traders with diversified trading options, improved price discovery, risk management tools, and margin trading capabilities. Since their introduction, these futures contracts have contributed to deeper and tighter markets, enhancing trading opportunities for users.
The introduction of these contracts aligns with Coinbase Derivatives’ overarching strategy to broaden access to digital asset trading, enabling traders to participate in the cryptocurrency market with reduced capital requirements and under a regulated framework. Sized at 1 BCH, 5 LTC, and 5000 DOGE, these contracts offer enhanced flexibility and accessibility for traders, fostering a more inclusive and dynamic trading environment.
Coinbase Derivatives has observed robust trading activity in its existing nano Bitcoin (BIT) and Ethereum (ET) contracts, with over $5 billion in notional trades year-to-date. In response to growing retail demand, the platform has expanded its futures offerings to include additional digital assets, catering to the evolving needs of its user base.
As the first CFTC-regulated futures exchange offering margined futures contracts for Bitcoin Cash, Dogecoin, and Litecoin, Coinbase Derivatives remains committed to maintaining the highest standards of integrity and transparency. By adhering to stringent regulatory requirements and collaborating with leading third-party FCMs (Futures Commission Merchants) and retail brokers, the platform provides retail customers with a secure and regulated environment for trading digital asset derivatives.
The establishment of these markets serves to facilitate critical price discovery for additional crypto assets, contributing to Coinbase Derivatives’ mission to bridge the gap between traditional finance and digital assets. The platform anticipates the continued growth and maturity of these futures contracts, offering increased liquidity and trading opportunities for both retail and institutional investors in the regulated market.
