Coinbase Derivatives Rolls Out Bitcoin Cash and Litecoin Futures Contracts

Coinbase Derivatives, a CFTC-regulated futures offering by crypto exchange Coinbase, has introduced futures contracts for margined Bitcoin Cash and Litecoin on April 1, with plans to introduce Dogecoin futures later this month.

Offering contract sizes of 1 BCH, 5 LTC, and 5000 DOGE, these futures contracts have been designed to provide enhanced trading opportunities within the cryptocurrency market, fostering a trading environment that is more inclusive and dynamic.

In yesterday's announcement, Coinbase Derivatives stated: "Consistent with our overall futures strategy, these contracts will significantly improve access to digital asset trading, allowing traders to participate in the crypto market with reduced upfront capital requirements and, more importantly, within a regulated framework."

It added: "Establishing these markets ensures critical price discovery for additional crypto assets, furthering our goal to bridge the gap between traditional finance and digital assets. We eagerly anticipate the maturation of these contracts and the liquidity they will bring to retail and institutional investors in the regulated market."

Earlier this month, Fazzaco reported that Coinbase Derivatives had partnered with Talos​, a provider of institutional trading technology for digital assets, in order to expand their user base and amplify their presence within the industry.