Coinbase, Coinbase, announced the launch of new futures in the United States on July 21, causing excitement in the encryption community.
Coinbase is written in A. Blog post“This will be one of the first products of its kind in the United States and aims to fill a critical gap in the local derivative market.”
Coinbase brings PERPS to the United States market
The new products collection will closely follow space prices, provide financial leverage, and maintain full compliance with the Future Trading Committee for Commodities (CFTC).
These contracts for merchants will provide an organized alternative to permanent future contracts abroad, which are currently dominating global encryption trading.
Unlike traditional futures, permanent contracts have no expiration date, making it a preferred tool for merchants who seek continuous exposure.
While these products are widely available on international platforms, American merchants historically faced organizational obstacles. This obstacle has forced many to rely on marine exchanges, which were also subjected to the risks of bait and guarding.
Coinbase’s new offer removes this need by providing a local compatible solution with CFTC with familiar mechanics in a permanent style. This includes the end of the simplified validity, capital efficiency, and improved risk management.
According to the official announcement, the preliminary offer will include two contracts: Nano Bitcoin (0.01 BTC) and future nano -style futures (0.10 ETH).
These smaller sects allow a flexible size, which meets both traders in retail and institutions. Contracts will work as long -term futures with validity for 5 years and trading 24/7.
It includes the clock financing rate mechanism to ensure that the prices will remain parallel to immediate markets.
More details will be announced about the availability of trading through partners ’platforms soon, with plans to expand access to retail users in the coming months. This launch shows a transformational landmark for the American encryption markets, which shows a new era of trading in innovation and derivative trading organizations.
Some experts believe that the launch will turn liquidity into local platforms, which reduces dependence on external places and enhances the United States’s position on the environmental system of global assets.
On June 18, Coinbase held the annual shareholder meeting. Crypto Giant is currently about $ 90 billion, with shares trading in $ 354.80. The company, which witnessed an increase in its shares about 39 % this year, presented three main proposals.
The shareholders voted to elect 10 members of the Board of Directors, including CEO, Brian Armstrong and well -known figures such as Mark Andron, Farid Wilson. Each director received between 891 million and 948 million votes, with some opposition (which ranges from 700,000 to 57 million detained votes). About 47 million votes have not been calculated due to the broker rules.
Also read: Coinbase to add support for Sonic (S) icon on June 24
