Non-stop Bitcoin and Ethereum futures trading launched by Coinbase around the clock.
Spinning the News:
Crypto giant Coinbase launches round-the-clock Bitcoin and Ethereum futures trading!
That's right, folks! America's largest cryptocurrency exchange is now offering 24/7 trading for Bitcoin and Ethereum futures, allowing traders to make moves anytime, anywhere!
Coinbase, fresh off its $2.9 billion acquisition of Deribit, the world's leading crypto options exchange, announced the new service Friday. The exchange will enable US traders to trade with leverage, offering them the chance to properly manage risk by responding to price fluctuations in real time, day or night.
So, whether you're a night owl or an early riser, the crypto market is now awake for you! And with Coinbase's ongoing integration of Deribit's technology, the futures trading landscape is set to become even more robust. In fact, the acquisition is part of Coinbase's strategy to build an institutionally focused derivatives venue, potentially offering advanced features like enhanced margin solutions and high-speed market data for traders.
As for the markets, the news has been well received. Coinbase stock recently rose 14% over the past month, and, despite a slight dip after-hours following the release of Q1 earnings, the company remains buoyant about its future prospects in the now more crypto-friendly environment under the Trump administration and the promising stablecoin adoption on its platform.
Looking ahead, with Coinbase's expanded derivatives trading capabilities and its continued focus on diversification, there's plenty to be excited about for crypto traders! So, ready your trading strategies, folks – the crypto market never sleeps, and neither should your opportunities! 🚀💥
Notes:1. Deribit's acquisition by Coinbase for approximately $2.9 billion.2. Deribit is renowned as the world's leading crypto options exchange, known for its transparency, performance, and innovation.3. The integration of Deribit's technology with Coinbase's product stack is expected to enhance trading capabilities across various products, including futures.4. The acquisition is aimed at creating the most comprehensive global crypto derivatives platform and expanding Coinbase's global footprint.
- Coinbase, now equipped with Deribit's technology, is poised to revolutionize the crypto market with its 24/7 Bitcoin and Ethereum futures trading.
- The integration of Deribit's transparency, performance, and innovation is anticipated to create a more robust landscape for crypto futures trading.
- Apart from Bitcoin and Ethereum, US traders can now leverage their trading with options from various crypto exchanges, thanks to Coinbase's acquisition of Deribit.
- With the expanding derivatives trading capabilities and stablecoin adoption on Coinbase's platform, the exchange remains optimistic about its future prospects in the crypto finance sector.
- As the crypto future shines brighter with Coinbase's involvement, investors are looking forward to the potential of enhanced margin solutions and high-speed market data.
- The technology-driven growth of crypto exchanges like Coinbase is reshaping the traditional finance landscape, offering new opportunities for investing in the crypto market.
