Coinbase has expanded its crypto derivatives products by adding futures contracts for Solana and Hedera. This move aims to strengthen the company’s position in the derivatives market.
Launch of New Futures Contracts
The launch, announced on February 18, includes Solana (SOL) Futures, with 100 SOL per contract, and nano Solana Futures at 5 SOL per contract to attract various traders. Hedera (HBAR) Futures will be available at 5,000 HBAR per contract. This strategic move is aimed at diversifying and expanding Coinbase’s futures market.
Introduction of EURC-USDC Perpetual Futures
Along with the futures contracts, Coinbase is introducing perpetual futures for EURC-USDC on its International Exchange, providing 24/7 access to Euro price exposure. These will be available with up to 20x leverage, enhancing capital efficiency for traders seeking flexibility in global markets.
Institutional Access and Regulatory Backing
The new futures contracts are backed by Coinbase’s regulatory approvals from the U.S. Commodity Futures Trading Commission. By adding Solana and Hedera futures to its platform, Coinbase strengthens its position as a leader in the evolving crypto derivatives market. Coinbase Financial Markets, the company’s fully regulated Futures Commission Merchant, will provide institutional clients with the necessary tools to effectively manage their digital asset exposure.
The combination of new futures contracts and perpetual futures demonstrates Coinbase's commitment to diversifying offerings for all types of traders and strengthening its position in the global crypto derivatives market.
