The team will focus on the development of crypto derivative services for private and institutional investors

Coinbase revealed strategy for a new division

17.03.2022 - 09:20

216

1 min

What’s new? The existing derivatives platform Coinbase Derivatives will be strengthened by creating a special division of the exchange. This was announced by the Coinbase representatives at the futures industry conference in the United States, The Block reports.

News on The Block’s website

What tasks will be assigned to employees? The new unit will develop the following areas: creating a futures intermediary and a single market platform, as well as connecting to the services of derivatives clearing organization from Deutsche Börse Group.

All of Coinbase’s new products must be approved by the US Commodity Futures Trading Commission (CFTC). The exchange plans to provide a full range of crypto derivatives services for both Coinbase’s institutional and retail clients.

The crypto derivatives are contracts to buy or sell a cryptocurrency based on the future price of the asset.

Author:

Michael Golikov Michael Golikov

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