StoneX Offers Clients Access to Coinbase's Crypto Contracts Cleared by Nodal Clear

StoneX Group Inc (StoneX Group), an institutional financial services network; Coinbase Derivatives Exchange (CDE), a derivatives exchange owned by Coinbase; and Nodal Clear, a derivatives clearing organization, issued a joint announcement, saying that clients of StoneX Financial Inc. Now have access to the full suite of CDE contracts cleared by Nodal Clear.

CDE's contract offerings include CDE Nano Bitcoin Futures (BIT) and Nano Ethereum Futures (ET) contracts, which are 1/100th and 1/10th the size of the the underlying commodity, respectively. These derivative offerings provide retail traders with access to liquid crypto market.

Clayton Passero, Managing Director and Head of Futures Online at StoneX Financial Group, said: "StoneX is committed to providing our clients with greater choice and access across financial markets to maximize their futures trading needs. This agreement enables StoneX clients to access Coinbase's robust portfolio of products while benefiting from StoneX's high-value and transparent clearing and execution services."

Boris Ilyevsky, CEO of CDE, commented: "We are excited to have StoneX offer our futures contracts and look forward to their significant reach and distribution contributing to the quality of our already liquid futures markets. StoneX's retail customers will be able to trade accessible futures contracts tailored to their level of risk, and we plan to make larger contracts available to satisfy growing institutional demand."
Paul Cusenza, Chairman & CEO of Nodal Clear, added: "We are pleased to expand our clearing relationship with StoneX so that its customers can now access Coinbase Derivatives Exchange products and services. We are happy that StoneX customers will now have the ability to participate in all the markets that Nodal Clear serves."

Apart from its crypto derivatives business, StoneX Group is also developing its digital carbon marketplace. Last month, the company signed an agreement with AirCarbon Pte. Ltd. ("ACX")​, the operator of AirCarbon Exchange, to create a digital carbon marketplace in the United States as part of the StoneX platform. The new digital carbon marketplace will enable StoneX clients to access markets and trade carbon over a transparent and seamless solution.