Breaking News: 24/7 Bitcoin and Ethereum Futures Trading Now Available on Coinbase
Round-the-clock Bitcoin and Ethereum futures trading services activated on Coinbase platform
It's Non-Stop Trading Time! Get ready for the cryptocurrency trading revolution! America's largest crypto exchange has officially launched a round-the-clock Bitcoin and Ethereum futures trading service.
Coinbase, the Cali-based exchange that went public in 2021, announced Friday that U.S. traders can now trade crypto futures 24/7 with leverage. The service was first unveiled in March, citing high demand from crypto-savvy traders.
With 24/7 trading, users can capitalize on price movements and market events in real-time, even during weekends, managing risk like never before. Coinbase is working with clearing house Nodal Clear to bring this innovative service to users, acknowledging that extended futures trading requires robust risk management around the clock.
Coinbase Buys Deribit for $2.9 Billion
The 24/7 trading news comes one day after Coinbase announced its acquisition of Deribit, the Dubai-based options exchange, for a whopping $2.9 billion. The acquisition includes $700 million in cash and 11 million shares of Coinbase Class A common stock.
This strategic move positions Coinbase as the premier global platform for crypto derivatives. Deribit boasts an impressive $30 billion in open interest and over $1 trillion in annual trading volume, making it the world's leading crypto options exchange. Once the deal closes, expected by the end of 2025 pending regulatory approvals, Deribit founders John and Marius Jansen will step down from the company.
As things heat up in the crypto world, Coinbase continues to push boundaries, expanding its offerings to cater to a global market.
Stay tuned for more updates, as we follow Coinbase's journey in the world of crypto derivatives!
Note: While the acquisition primarily focuses on options trading, the combination of Deribit's capabilities with Coinbase's expertise in futures trading is expected to provide a more comprehensive suite of trading products for both Bitcoin and Ethereum.
- Coinbase delves into the world of non-stop trading by launching 24/7 Bitcoin and Ethereum futures trading service.
- The California-based exchange, Coinbase, announced its 24/7 trading service on a Friday, citing high demand from crypto-savvy traders.
- Traders can now trade crypto futures on Coinbase with leverage, capitalizing on price movements and market events in real-time, even during weekends.
- Coinbase is working alongside clearance house Nodal Clear to bring this innovative service to users, emphasizing the need for round-the-clock risk management.
- A day prior to the 24/7 trading news, Coinbase announced its acquisition of Deribit, the Dubai-based options exchange, for a staggering $2.9 billion.
- The acquisition includes $700 million in cash and 11 million shares of Coinbase Class A common stock.
- Deribit, previously the world's leading crypto options exchange, now serves as a strategic move for Coinbase to position itself as the premier global platform for crypto derivatives.
- Once the deal closes, expected by the end of 2025 pending regulatory approvals, Deribit founders John and Marius Jansen will step down from the company.
- With the combination of Deribit's capabilities and Coinbase's expertise in futures trading, users can expect a more comprehensive suite of trading products for both Bitcoin and Ethereum in the future.
