Eligible US traders can now access crypto futures via Coinbase Financial Markets.
The new launch — revealed Wednesday in a blog post — comes after the company gained clearance in August to operate as a futures commission merchant (FCM) from the National Futures Association.
A futures contract is an agreement to buy or sell an asset at a certain price, and at a specific time in the future.
“Futures provide traders with the ability to hedge their risk, diversify their portfolios, trade with leverage and speculate on which way the market will go — either up or down,” Coinbase Financial Markets CEO Andrew Sears wrote in a Wednesday blog post.
Read more: CME says Q3 open…
Read more on Blockworks