Coinbase is preparing to open access to more than 170 derivatives contracts for eligible professional investors in the UK, expanding its local product lineup across crypto, commodities, equities, and foreign exchange. The rollout is set to take place gradually over the coming weeks to months.
The offering includes futures, perpetual contracts, and crypto options. Perpetuals, which do not expire, will support long, short, and market-neutral strategies, with leverage of up to 50x. Fixed-date futures will offer up to 20x leverage and come with scheduled settlement dates.
Coinbase had previously secured UK investment services authorization in July. The derivatives business will operate under the investment services permission of CB Payments Ltd. At the initial stage, the products will only be available to eligible professional investors in the UK. The UK Financial Conduct Authority, or FCA, will require standards related to financial resilience, capital, stress testing, and market integrity, according to the report cited from Bitcoin.com News.
Coinbase plans to open access to more than 170 derivatives contracts for eligible professional investors in the UK, covering crypto, commodities, equities, and foreign exchange. The service will be introduced gradually over the coming weeks to months.
The lineup includes futures, perpetual contracts, and crypto options. Perpetuals do not have an expiry date and will support long, short, and market-neutral strategies, with leverage of up to 50x. Fixed-date futures will offer up to 20x leverage and include scheduled settlement dates.
Coinbase previously obtained UK investment services authorization in July. The derivatives business will be conducted through the investment services license of CB Payments Ltd. In the first phase, access will be limited to eligible professional investors in the UK. The UK Financial Conduct Authority, or FCA, will impose requirements covering financial resilience, capital, stress testing, and market integrity.
The report was cited from Bitcoin.com News.
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