Tag: Coinbase

Coinbase (COIN) Shares Tumble 9% amid SEC’s Binance Securities Violation Allegations

The SEC filing against Binance had a significant impact not only on Coinbase but also on other linked entities and cryptocurrencies. Coinbase Global Inc (NASDAQ: COIN) witnessed a significant drop of 10.3% in its share value after the United States Securities and Exchange Commission (SEC) announced its decision to sue the trading platform’s biggest rival the Binance exchange. Following the news, Coinbase stock closed the trading day down by 9% Edward Moya, a senior market analyst at foreign exchange Oanda, eloquently captures the sentiment surrounding the recent decline in Coinbase…

Coinbase aims at institutional investors with larger BTC and ETH futures

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase derivatives exchange is set to launch its institutional-sized bitcoin (BTC) and ether (ETH) futures contracts. The company says the financial instruments will come with enhanced risk management features and lower fees. Exposing  institutional investors to advanced crypto derivatives Coinbase derivatives exchange, a CFTC-regulated derivatives platform, has announced the introduction of institutional-sized futures contracts for bitcoin (BTI) and ether (ETI) which will go live on June 5. With a surge in institutional interest and the demand…

Coinbase, Robinhood, CFTC to testify in Congress over draft crypto bill

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Coinbase, Robinhood, and representatives from the United States commodities regulator are set to testify before Congress on June 6 to discuss a newly proposed crypto bill.  The trio will be sharing their firm’s, or agency’s views on a proposed bill that could see certain crypto tokens classified as digital commodities, among other things. “Tomorrow I have the honor of testifying on Capitol Hill before the House Committee on Agriculture to share Coinbase’s views on the Digital Asset Market Structure Discussion Draft […] released last week,” said Coinbase Chief Legal Office…

Coinbase Derivatives Exchange To Launch ‘Institutional-Sized’ Bitcoin (BTC) and Ethereum (ETH) Futures Contracts

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Top US-based crypto firm Coinbase says its derivatives exchange is gearing up to launch “institutional-sized” Bitcoin (BTC) and Ethereum (ETH) futures contracts next week. According to a new press release, Coinbase Derivatives Exchange says it plans to make the contracts, called Coinbase Bitcoin (BTI) and Coinbase Ether (ETI), available on Monday, June 5th. BTIs and ETIs will be settled in US dollars and represent one Bitcoin and 10 Ethereum per contract, respectively. Says Boris Ilyevsky, the head of Coinbase Derivatives Exchange, “In addition to risk management and enhanced precision, these…

Coinbase proceeds with US bitcoin and ether futures

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Amidst growing regulatory challenges in the U.S., Coinbase, a prominent public cryptocurrency exchange, pushes forward with its plans to roll out bitcoin and ether futures contracts targeted at institutional investors. In the midst of increasing regulatory scrutiny in the U.S., leading public cryptocurrency exchange, Coinbase, presses ahead with its introduction of futures contracts. The announcement was made on June 1, stating that bitcoin and ether futures contracts will be available starting June 5 via its derivatives…

Coinbase Derivatives Exchange Launches Bitcoin and Ether Futures

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Coinbase Derivatives Exchange, a derivatives platform linked to its namesake cryptocurrency exchange, will introduce Bitcoin and Ether futures contracts for institutional clients on June 5. Coinbase Bitcoin (BTI) and Coinbase Ether (ETI) futures contracts, sized 1 Bitcoin and 10 Ether per contract, respectively, will be accessible through third-party institutional Futures Commission Merchants (FCMs) and brokers, the company announced on Friday. Coinbase in the announcement said it has witnessed increased demand for futures contracts among investors. Futures contracts are agreements that allow investors to buy or sell an asset at a…

Coinbase Derivatives Exchange to Roll Out Bitcoin and Ethereum Futures Trading on June 5

Coinbase Derivatives Exchange will start trading BTC and ETH perpetual futures on June 5, 2023, for non-US institutional clients only. Leading American crypto exchange Coinbase has announced its plans to introduce futures contracts for Bitcoin (BTC) and Ether (ETH) in its newly launched derivative marketplace regulated by the Commodity Futures Trading Commission (CFTC). The new venture, Coinbase Derivatives Exchange, officially debuted last month in Bermuda following approval from the country’s financial regulator, the Bermuda Monetary Authority (BMA). The company said the derivative platform would enable traders to speculate on the…