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Coinbase Advanced Introduces Crypto ‘Nano’ Futures Accessible To US Retail Traders

Coinbase Financial Markets (CFM) launched regulated crypto futures contracts designed explicitly for retail traders in the U.S.

The announcement highlights the availability of 'nano' futures contracts sized at 1/100th of a Bitcoin (CRYPTO: BTC) and 1/10th of an Ethereum (CRYPTO: ETH).

This development is particularly significant in the evolving digital asset landscape, a topic expected to be at the forefront of discussions at Benzinga's Future of Digital Assets conference on Nov. 14. The event promises to provide insights into the challenges and opportunities in the rapidly growing world of digital assets.

Crypto futures provide traders with benefits, including the ability to hedge against risk, diversify portfolios, and trade with leverage.

However, CFM also emphasizes that leveraging can be a double-edged sword, potentially leading to losses exceeding the initial investment.

Also Read: Global Banking Agency Has A Warning For Stablecoins

The addition of futures trading on Coinbase Advanced, a platform tailored for sophisticated retail traders, comes after CFM's August approval to introduce federally regulated crypto futures trading for qualified US clients.

The futures contracts, due to their smaller size, offer reduced initial capital requirements, making them an appealing investment avenue for a broader spectrum of retail customers.

To start trading crypto futures, U.S. traders need an existing Coinbase Inc. (NASDAQ:COIN) account.

Once that's in place, they can apply to trade futures with CFM.

After approval, trading can commence with futures contracts being settled in USD.

While currently available only via the web, CFM has plans in the pipeline to extend futures trading to the Coinbase mobile app.

Read Next: What To Do With FTX Shares? 'It's Your Call,' Bankman-Fried Told Bahamas AG: Trial Nears Climax

Industry titans BlackRockDTCCOCCState StreetSociété GénéraleHederaCitiBMONorthern TrustCitibankAmazonS&P GlobalGoogleInvesco, and Moody’s will join our November 13 Fintech Deal Day and November 14 Future of Digital Assets. Secure a spot here to join them!

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