Coinbase Financial Markets (CFM) has taken a major step forward in the crypto trading sector. Hence, Coinbase advanced users in the United States now have the opportunity to delve into regulated crypto futures contracts. These contracts, tailored for retail traders, are available at 1/100th of a Bitcoin and 1/10th of an Ethereum.
This development follows the approval received by Coinbase Financial Markets, Inc. in August to introduce federally regulated crypto futures trading for eligible US customers. This move integrates futures trading with the Coinbase Advanced platform, enabling users to access both spot and futures markets under one roof. Additionally, interested individuals can find more information on the official website at coinbase.com/futures.
Making futures trading more inclusive
CFM has taken noteworthy steps to democratize futures trading. By introducing nano-sized futures contracts, CFM has lowered the entry barrier for traders. These contracts, being 1/100th of a Bitcoin and 1/10th of Ethereum, require less initial capital, making them a viable investment option for a vast spectrum of retail customers. Besides this, CFM has put forth a comprehensive collection of educational content under Coinbase Learn. This platform elucidates various facets of futures trading, ranging from rudimentary concepts to intricate details of benefits and associated risks. Such endeavors underscore CFM’s dedication to ensuring that traders are well-informed and can approach futures trading judiciously.
How to get onboard
US traders keen on exploring crypto futures contracts can do so on Coinbase Advanced, a platform tailored for adept retail traders. This platform boasts of several features like advanced order types, TradingView charts, and APIs for automated trading. However, one prerequisite is that traders should already have an active account on Coinbase Inc. for spot trading before venturing into the futures market of Coinbase Financial Markets.
To start, traders can visit advanced.coinbase.com and log in. A distinct “Futures” section is now visible on the left menu. Alternatively, direct navigation to coinbase.com/futures is also possible. The next steps involve applying to trade futures with CFM, where certain financial regulations necessitate the confirmation of personal details and a brief questionnaire about the trader’s financial background and investment history. Upon approval, traders can commence trading, and it’s noteworthy that all futures contracts are settled in USD.
Although currently limited to web access, CFM has plans in the pipeline to introduce futures trading on the Coinbase mobile app. This initiative is a testament to CFM’s commitment to broadening the reach of futures trading in the US market.