Coinbase Derivatives Exchange is launching institutional-sized Bitcoin and Ether futures contracts to cater to the growing institutional demand, offering lower fees than other US-regulated derivatives exchanges, according to Coinbase's announcement.
The CFTC-regulated derivatives exchange's two new futures contracts - the Coinbase Bitcoin (BTI) and Coinbase Ether (ETI) - will be accessible through third-party institutional futures commission merchants (FCMs) and brokers. The new institutional-sized contracts will have a specific size of 1 Bitcoin and 10 Ether. This sizing is intended to enable clients to effectively manage market exposure.
Previously, Coinbase announced its strategic move to launch a derivatives exchange in Bermuda, marking a step in its international expansion strategy. The exchange will allow traders to engage in speculation on the prices of Bitcoin and Ethereum through perpetual futures contracts.