Coinbase Derivatives Exchange, formerly known as FairX (thefairxchange), is launching a crypto derivatives product, keeping retail traders in mind. Reports Aoyon_A
. Bitcoin’s price has fallen about 56% this year, while Ethereum’s native token ether is down roughly 70%.FairX earlier this year, to launch crypto derivatives products. FairX launched its futures exchange platform in May 2021 after receiving regulatory approvals in late 2020.Futures contracts are smaller in size, require less upfront capital than traditional bitcoin futures products and can be used as a hedge for trading strategies for both institutional and retail traders.
However, not everyone sees derivatives as a product suitable for retail traders. Most recently, a senior Dutch financial regulator said that crypto derivatives tradingIn 2020, The U.K. watchdog, Financial Conduct Authority , crypto derivatives for retail consumers, saying that the products are ill-suited due to the risks they pose.crypto derivative contracts, as a chance for their clients to trade the volatility in the crypto market and protect against downside risks.
Initially, the BIT futures will be available for trading via several leading broker intermediaries, including retail brokers
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