CFM or Coinbase Financial Markets launched regulated and leveraged cryptocurrency futures for its customers based in the United States this Wednesday – and these are now easily available to Coinbased Advanced users. Currently, the trading platform provides nano-sized contracts at 1/100th of a Bitcoin as well as 1/10th of an Ethereum.
Coinbase Financial Markets Rolls Out Crypto Futures for U.S. Investors:
Coinbase, a crypto platform based in San Francisco, is starting to introduce its Ethereum and Bitcoin futures offerings gradually. The goal of CFM is to actually “make futures more accessible to retail crypto traders,” as per Wednesday’s announcement.
With this launch, Coinbase Advanced customers in the United States can easily access the controlled futures contracts. Coinbase explained how the futures derivatives products enabled traders to actually hedge risk as well as diversify. The announcement disclosed, “Leverage in futures trading can work for you or against you. The risk of loss using leverage can exceed your initial investment amount.”
The exchange added, “These futures contracts are specifically sized for retail traders, at 1/100th of a bitcoin and 1/10th of an Ethereum.”
The company also explained how the CFM’s approval to provide crypto futures trading federally regulated in August actually marked a vital milestone, literally signaling significant progress in the world of the crypto trading domain.
At the same time, Coinbase also mentioned the vital role of education in the strategy of CFM, offering a range of articles for traders, trying to cover a whole range of topics, from the very basics of futures trading to the related risks and benefits.