Coinbase expanded its derivatives service by introducing futures contracts that allow trading Solana (SOL) and Hedera (HBAR), securing stronger market dominance.
Coinbase Expands Futures Market
The newly launched Solana Futures are available in two formats: standard contracts containing 100 SOL and nano contracts with 5 SOL. Hedera Futures will feature 5,000 HBAR per contract. Additionally, Coinbase is launching perpetual futures for EURC-USDC with up to 20x leverage, offering traders access to Euro price movements.
Regulatory Approvals and Institutional Access
Coinbase has secured regulatory approvals from the U.S. Commodity Futures Trading Commission (CFTC) to offer these futures contracts, enabling the company to provide institutional-grade crypto derivatives products in a compliant manner.
Strengthening the U.S. Crypto Derivatives Market
Coinbase Derivatives LLC expands its regulated futures contracts with the addition of Solana and Hedera derivatives, bringing more institutional-grade products to the U.S. market and solidifying its position as a force in the crypto derivatives sector.
The innovative product introduction allows Coinbase to expand its trading options and meet regulatory obligations, providing traders with a broader set of strategic trading possibilities for digital assets.
