June 27,2022 @01:47 PM
Nano Bitcoin
The Coinbase Derivatives Nano Bitcoin will be available for trading starting June 27, providing new opportunities and greater precision in your cryptocurrency trading strategies. Manage risk and take a point of view at levels right for any trader. Priced at 1/100th of a bitcoin, the Nano Bitcoin Futures contract from Coinbase Derivatives requires less upfront capital than traditional futures products and creates an opportunity for trades to navigate volatile markets.
Ask your Edge Clear personal broker for details on the Coinbase Derivatives Nano Bitcoin. Don’t have an expert Edge Clear broker yet? Then fill in the information request below and we will assign one to you.
Contract Specifications
| NANO BITCOIN | |
|---|---|
| PRODUCT CODE | BIT |
| SETTLEMENT | Financially Settled (in USD) |
| PRICE CONVENTION | $5 per Bitcoin |
| CONTRACT SIZE | 1/100th of Bitcoin (~$300 contract notional, i.e., 1/100th x ~$30,000) |
| DOLLAR VALUE OF ONE TICK | $0.05 per contract |
| EXPIRATION SCHEDULE | Trading terminates at 4 pm London time on the last Friday of the contract month. If that day is not a business day in the U.S., trading terminates on the preceding day that is a U.S. business day. |
| TRADING HOURS | Sunday – Friday 6 pm – 5 pm ET with a 1-hour break each day from 5 pm – 6 pm ET
|
| LISTING EXCHANGE | Coinbase Derivatives |
REGULATORY NOTE: You should be aware that NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets.
