Coinbase Enhances Futures Trading
New Options for Coinbase Advanced Customers
Coinbase Advanced customers in the U.S. now have access to trading nano-sized futures contracts with smaller investment sizes. These futures contracts are sized at 1/100th of a Bitcoin and 1/10th of an Ether.
About Coinbase Advanced
Coinbase Advanced is a premium trading platform offered by Coinbase, one of the leading cryptocurrency exchanges in the U.S. With Coinbase Advanced, experienced traders can access a range of advanced trading tools and features.
Nano-Sized Futures Contracts
The introduction of nano-sized futures contracts is aimed at providing traders with greater flexibility and new trading opportunities. These smaller investment sizes allow traders to participate in the futures market with a lower entry barrier.
By offering futures contracts sized at 1/100th of a Bitcoin and 1/10th of an Ether, Coinbase Advanced enables traders to fine-tune their strategies and manage risk more precisely. This can be especially beneficial for traders who prefer smaller position sizes or want to diversify their trading portfolio.
Benefits of Nano-Sized Futures Contracts
The availability of nano-sized futures contracts on Coinbase Advanced offers several advantages:
- Lower Investment Requirement: Traders can participate in the futures market with a smaller initial investment, making it more accessible to a wider range of traders.
- Risk Management: Smaller contract sizes allow for more precise risk management and position sizing, reducing the potential impact of market volatility.
- Enhanced Flexibility: Nano-sized contracts provide traders with additional flexibility to fine-tune their trading strategies and explore different markets.
- Diversification: The availability of smaller contracts enables traders to diversify their trading portfolio and explore new investment opportunities.
Accessing Nano-Sized Futures Contracts
To access the nano-sized futures contracts on Coinbase Advanced, customers need to be verified Advanced customers and reside in the U.S. Advanced customers have access to a range of advanced trading features and must meet certain eligibility requirements.
Once eligible, customers can navigate to the futures trading section on Coinbase Advanced and select the desired nano-sized futures contracts.
Note that trading futures contracts involves risks and may not be suitable for all traders. It’s important to thoroughly understand the risks associated with futures trading and seek professional advice if needed.
The introduction of nano-sized futures contracts on Coinbase Advanced is a significant development for advanced cryptocurrency traders. By offering smaller investment sizes, Coinbase Advanced aims to provide greater accessibility and flexibility in the futures market. Traders can now take advantage of these new options to fine-tune their strategies, manage risk more precisely, and explore new investment opportunities.