todayonchain.com

Interactive Brokers adds nano Bitcoin, Ether futures via Coinbase Derivatives

The Block
Interactive Brokers now offers nano Bitcoin and Ether futures from Coinbase Derivatives, enabling 24/7 trading access.

Summary

Interactive Brokers has integrated nano-sized Bitcoin and Ether futures contracts provided by Coinbase Derivatives onto its trading platform, expanding access to regulated crypto derivatives with round-the-clock trading availability. The new products include monthly-expiring and perpetual-style futures, where nano Bitcoin futures represent 0.01 BTC and nano Ether futures represent 0.10 ETH, which lowers capital requirements and allows for more precise position sizing. Milan Galik, CEO of Interactive Brokers, stated that the smaller contract sizes reduce margin requirements for eligible clients. Greg Tusar of Coinbase Institutional noted the goal is to broaden access to crypto derivatives within a regulated framework. Coinbase Derivatives operates as a U.S.-regulated futures exchange, established after Coinbase acquired and rebranded FairX, and further expanded its derivatives focus through the acquisition of Deribit.

(Source:The Block)