So just another FCM like Advantage/ Dorman etc who only offer what is on regulated exchanges like CME or an exchange venue itself who can create OWN futures products?
Coinbase Gets Approved to Offer Crypto Futures Trading in US
- Thread starter Baron
- Start date
As far as i understand the PR it's only FCM like many others and not own futures products.
So no big deal.
The CME have offered bitcoin futures since 2017.
It will be a very good product if Coinbase has the btc futures trading 24/7/365 like all the Coinbase offerings... and if it's a "physical settlement" vs cash, would be a game-changer
CME would not be able to compete and the likes of Blackrock would juice up the returns pocketing all the trading (risk-free) profits which I doubt they will share with the Blackrock bitcoin etf investors
none of the proposed etfs use cme for their ssa (they need a spot market exchange) so this is irrelevant
https://www.forbes.com/sites/siladi...ns-except-bitcoin-ceo-brian-armstrong-claims/
I wonder how these futures are going to play out if they can't trade the underlying coin.
I wonder how these futures are going to play out if they can't trade the underlying coin.
First of all it is not clear if they would be creating own Futures contracts... If they are and are allowed by CFTC what would worry me is although the Futures product and it's "Exchange" part will be over sighted by CFTC the SPOT Crypto is unregulated.. both in same platform! ...h....m I will still prefer CME product!