Coinbase recently announced that it will now provide 24/7 to Bitcoin (BTC) and Etreum (Eth) Futures Buying and Selling for US users. In addition, the exchange will also start perpetual futures and selling with long-det expiry. From this step, Coinbase has offered new trading opportunities in the Crypto Market, which will give more flexibility and time freedom to Crypto Traders in the US.
24/7 futures buying and selling launch
Futures Buying and Selling, which is a type of derivatives, empowers traders to buy or sell any assets at a certain date and price. Coinbase’s 24/7 Futures Buying and Selling Inauguration will provide users to trades the futures of Bitcoin and Ethereum at any time. Earlier, most Crypto derivatives traded out of the US border and American traders had to struggle with limited hours and expires, which many times gave rise to inability. This new service will bring flexibility in trading and will simplify the business process. Significantly, the operation related to coinbase has recently gained a lot of rise, behind which Coinbase wins in legal battle against SEC There is a main reason.
Perpetual Futures and Regulatory Status
Coinbase perpetual futures will also start buying and selling, which means that now a contract can be made for any assets without a certain time frame. This will provide more freedom of trading and will give traders an opportunity to maintain their positions for a long time. However, regulatory uncertainty about Crypto perpetual futures is also present. Coinbase has reported that it is receiving regulatory clarification for this service in association with Commodity Futures Buying and Selling Fee (CFTC), to ensure that this product follows all rules.
Coinbase compete
This step of Coinbase can become a challenge for other companies. It has a major competitive CME Workforce, a large Derivatives change of US and has acquired a revenue of $ 6.1 billion in 2024. The average daily trading volume of CME Workforce is $ 10 billion, but its crypto derivatives are available only six days a week. In addition, Robinhood also planned to launch bitcoin and atherium futures in January 2024, which may be another competition for coinbase.
Conclusion
Coinbase’s 24/7 Bitcoin and Etreum Futures Buying and Selling Inauguration is an important step, which is an important step Cryptocurrency buying and selling Can prove to be a new direction to the future of the future. The move will provide more flexibility to crypto traders in the US and will also open new trading opportunities through perfect futures. However, coinbase will also face regulatory challenges and competition to make it successful. If this strategy is successful, Coinbase Crypto can secure a prominent place in the market.
