Key Takeaways
- • Coinbase Derivatives Exchange, a CFTC-licensed futures exchange, announced that its crypto futures products are now available through the TT platform from Trading Technologies International, Inc.
- • TT customers can trade Coinbase Derivatives' regulated crypto futures directly from the TT platform, including both "Nano" Bitcoin and Ether futures (1/100th BTC and 1/10th ETH) and institutional-sized contracts (1 BTC and 10 ETH).
- • The integration is positioned by Coinbase as a step toward increasing institutional access to and adoption of regulated digital asset derivatives.
- • Trading Technologies cited its Autospreader, ADL and Aggregator tools as part of the offering to institutional and professional traders.
Summary
Coinbase Derivatives Exchange, a CFTC-licensed futures exchange, has made its crypto futures products available through the TT platform from Trading Technologies International, Inc. (TT), a global capital markets technology provider, according to a Coinbase announcement dated December 19, 2023. Under the arrangement, TT customers can trade Coinbase Derivatives' regulated crypto futures directly from the TT platform.
The contracts available include both "Nano" sized Bitcoin and Ether futures, equal to 1/100th of a BTC and 1/10th of an ETH, and institutional-sized futures covering 1 BTC and 10 ETH. Traders, hedgers and brokers using TT can access both sizes.
Randy Myers, Head of Crypto at Trading Technologies, said the integration gives institutional and professional traders the ability to trade regulated cryptocurrency futures with TT's toolset, which includes Autospreader, ADL and Aggregator. Boris Ilevsky, Head of Coinbase Derivatives Exchange, described Trading Technologies as a key partner for facilitating institutional access and called the collaboration a major milestone for institutional demand and adoption of CFTC-regulated crypto derivatives. He noted increasing support from the futures commission merchant (FCM) community.
The announcement frames the connection as an extension of Coinbase Institutional's goal of expanding institutional access to digital asset derivatives, with both companies aiming to provide a more seamless trading experience.
The contracts available include both "Nano" sized Bitcoin and Ether futures, equal to 1/100th of a BTC and 1/10th of an ETH, and institutional-sized futures covering 1 BTC and 10 ETH. Traders, hedgers and brokers using TT can access both sizes.
Randy Myers, Head of Crypto at Trading Technologies, said the integration gives institutional and professional traders the ability to trade regulated cryptocurrency futures with TT's toolset, which includes Autospreader, ADL and Aggregator. Boris Ilevsky, Head of Coinbase Derivatives Exchange, described Trading Technologies as a key partner for facilitating institutional access and called the collaboration a major milestone for institutional demand and adoption of CFTC-regulated crypto derivatives. He noted increasing support from the futures commission merchant (FCM) community.
The announcement frames the connection as an extension of Coinbase Institutional's goal of expanding institutional access to digital asset derivatives, with both companies aiming to provide a more seamless trading experience.
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