Coinbase Launches 24/7 Bitcoin and Ethereum Futures Trading
- Coinbase has initiated 24-7 Bitcoin and Ethereum futures trading for U.S. traders.
- The service was first announced in March to meet strong demand from crypto-native traders.
- Coinbase recently acquired Deribit, a Dubai-based options exchange, for $2.9 billion.
- The acquisition includes $700 million in cash and 11 million shares of Coinbase Class A common stock.
- Coinbase’s stock is currently trading at nearly $204 per share, with a recent decline of over 1%.
Coinbase has begun offering round-the-clock Bitcoin and Ethereum futures trading, enhancing its derivatives business following the $2.9 billion acquisition of Deribit. This move allows traders to manage risk effectively by responding to market changes in real time.
Source (2.6)https://decrypt.co/318794/coinbases-24-7-bitcoin-ethereum-futures-trading-goes-live?rand=52368