Coinbase Launches Derivatives Contracts in Canada

 

Global cryptocurrency exchange Coinbase has launched derivatives contracts for eligible Canadian investors seeking to trade and speculate on a trusted platform.

 

 

The derivatives contracts, which will be offered through Coinbase Financial Markets, are the first of their kind from a crypto native platform in Canada, giving investors access to highly liquid and regulated contracts, including 23 perpetual and dated futures covering assets such as Bitcoin, ETH, and SOL; five commodity futures covering gold, silver, and oil; and index futures.

 

Regarding the features of the newly launched derivatives contracts, Coinbase said in a blog post that the contracts are regulated by its financial markets arm, an entity registered with the U.S. Commodity Futures Trading Commission (CFTC). The contracts will also be flexible, with nano sized contracts designed for investors with lower upfront capital requirements.

 

Coinbase’s derivatives contract launch comes at a time when the exchange has rolled out more customizable charting and interface features on Coinbase Advanced.

 

Rather than forcing every trader to use the same chart setup, the rollout is aimed at making it easier for traders to customize their trading screens. Traders can switch between candlestick and line charts, change time frames, adjust chart settings and technical indicators, and use drawing tools.

 

The benefits of these features are that traders can spot market trends faster, identify potential entry and exit points, and analyze market movements more effectively.