{"id":12936,"date":"2022-06-24T14:52:23","date_gmt":"2022-06-24T14:52:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coinbase-derivatives-exchange-reveals-nano-bitcoin-futures-product-exchanges-bitcoin-news\/"},"modified":"2022-06-24T14:52:23","modified_gmt":"2022-06-24T14:52:23","slug":"coinbase-derivatives-exchange-reveals-nano-bitcoin-futures-product-exchanges-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coinbase-derivatives-exchange-reveals-nano-bitcoin-futures-product-exchanges-bitcoin-news\/","title":{"rendered":"Coinbase Derivatives Exchange Reveals Nano Bitcoin Futures Product \u2013 Exchanges Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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On June 27, Coinbase Derivatives Exchange (formerly Fairx exchange) announced it will launch its first crypto derivatives investment vehicle pegged to the value of 1\/100th of a bitcoin. The new \u201cnano bitcoin futures\u201d product will be listed under the ticker \u201cBIT.\u201d Coinbase derivatives are regulated by the Commodity Futures Trading Commission (CFTC).<\/strong><\/p>\n

Coinbase Introduces BIT, a Futures Product Tied to 1\/100th of a Bitcoin<\/h2>\n

Coinbase is getting into the world of crypto derivatives as the Coinbase Derivatives Exchange has announced the launch of BIT, a nano bitcoin futures product tied to 1\/100th of a bitcoin (BTC<\/a>). The news follows Coinbase acquiring<\/a> the derivatives exchange Fairx in mid-January 2022 as the company said it would be leveraging Fairx\u2019s exchange infrastructure.<\/p>\n

\u201cThis is an important step toward Coinbase ultimately making the derivatives market accessible to our millions of customers through an industry-leading, simplified user experience,\u201d Coinbase said at the time. While the nano bitcoin futures product will be managed by Coinbase Derivatives Exchange, investors will obtain BIT via retail stock brokers on June 27.<\/p>\n

The news follows a number of changes Coinbase has been making in recent times. For instance, on June 22, the company revamped<\/a> the Coinbase wallet in order to make \u201cWeb3 more accessible and intuitive.\u201d Furthermore, the day after revealing the improved wallet, Coinbase explained that it was combining Coinbase Pro (exchange) with the user\u2019s Coinbase account.<\/p>\n

\u201cWe plan to merge the features and fee schedule of Coinbase Pro into a new unified Coinbase account that offers our users the choice of an advanced trading experience or the simplicity of the Coinbase consumer app,\u201d Coinbase explained<\/a>. Coinbase won\u2019t be the only one offering nano-styled crypto futures, as CME Group and the FTX-acquired Ledgerx also provide micro contracts.<\/p>\n

CME Group launched<\/a> micro bitcoin and micro ether futures at the end of March and each product is 1\/10 the size of one bitcoin or ether. FTX US Derivatives (formally Ledgerx) offers bitcoin mini futures contracts<\/a> and investors can participate with as little as 0.01 BTC<\/a>. As far as the Coinbase nano bitcoin futures are concerned, investors will be able to obtain BIT from brokers such as Wedbush, Edgeclear, Ninjatrader, Ironbeam, Optimus Futures, Tradovate, Stage 5, and more.<\/p>\n

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\nTags in this story
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1\/100th of a bitcoin<\/a>, BIT<\/a>, CME Group<\/a>, Coinbase<\/a>, Coinbase Derivatives Exchange<\/a>, Coinbase Futures<\/a>, crypto assets<\/a>, Cryptocurrency<\/a>, derivatives<\/a>, Edgeclear<\/a>, Exchanges<\/a>, Fairx<\/a>, ftx<\/a>, Ironbeam<\/a>, LedgerX<\/a>, Micro Futures<\/a>, Mini Futures<\/a>, nano bitcoin<\/a>, Nano Bitcoin Futures<\/a>, Ninjatrader<\/a>, Optimus Futures<\/a>, Retail Brokers<\/a>, retail investors<\/a>, Stage 5<\/a>, Tradovate<\/a>, Wedbush<\/a><\/div>\n<\/div>\n

What do you think about the Coinbase Derivatives Exchange product BIT? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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