Coinbase Derivatives Expands Reach with Integration on Trading Technologies Platform
Coinbase Derivatives Exchange, a futures exchange licensed by the U.S. Commodity Futures Trading Commission , has announced the availability of its crypto futures products on the Trading Technologies International, Inc....
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Coinbase Derivatives Exchange, a futures exchange licensed by the U.S. Commodity Futures Trading Commission , has announced the availability of its crypto futures products on the Trading Technologies International, Inc. (TT) platform.
Trading Technologies and Coinbase Derivatives Join Forces
This integration allows TT customers, including institutional and professional traders, to directly trade regulated cryptocurrency futures from the TT platform.
Randy Myers, the Head of Crypto at Trading Technologies, expressed enthusiasm about providing access to Coinbase Derivatives Exchange through the TT platform, offering traders market-leading tools, such as Autospreader, ADL, and Aggregator.
The collaboration between Coinbase Derivatives Exchange and Trading Technologies aims to enhance the digital asset derivatives trading landscape, providing users with a seamless experience. This partnership aligns with Coinbase Institutional's goal of expanding institutional access and adoption of digital asset derivatives.
Traders, hedgers, and brokers using TT now have access to both "Nano"-sized Bitcoin and Ether futures (1/100th BTC and 1/10th ETH) and institutional-sized futures (1 BTC and 10 ETH).
"Trading Technologies is a key partner for facilitating institutional access to and the continued growth of our suite of crypto futures products," said Boris Ilevsky, the Head of Coinbase Derivatives Exchange. "Coupled with increasing support from the FCM community, this collaboration marks a major milestone for institutional demand and adoption of CFTC regulated crypto derivatives.”
Coinbase Derivatives Exchange is now available through Trading Technologies - both look to strengthen the landscape of digital asset derivatives trading by providing traders with an enhanced, seamless user experience.Read More 👉🏽 https://t.co/Lu9NX8pPlB pic.twitter.com/qUMWd3L9Mz
— Coinbase Institutional 🛡️📞 (@CoinbaseInsto) December 19, 2023May Launch: Coinbase's Introduction of Perpetual Futures Contracts
Earlier, Finance Magnates reported that Coinbase introduced a global cryptocurrency derivatives exchange shortly after revealing its move to an offshore jurisdiction with a Bermuda license. The U.S.-based digital asset exchange clarified that the new platform is exclusively available to eligible non-U.S. institutional traders. The platform, which went live in May, initially featured Bitcoin and Ether perpetual futures contracts.
Coinbase emphasized that the current leverage was capped at 5x, and all trades would be settled in the stablecoin USD Coin. In a blog post, Coinbase noted that the launch aligns with the increasing adoption of regulatory frameworks in various markets, positioning them as cryptocurrency hubs.
This article was written by Tareq Sikder at www.financemagnates.com.Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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