Coinbase Derivatives Exchange is set to launch a Nano Ether futures contract (ET) on August 29, 2022.

Sized at 1/10th of an ether, the contract provides an opportunity to trade the price of a popular digital asset with less upfront capital than traditional futures products.

This launch follows the introduction of our Nano Bitcoin futures contract, which was made available on June 27th to the participants of six retail brokers through Coinbase’s CFTC-regulated Designated Contract Market (DCM). In the last 30 days, that contract has traded an average of 77,000 contracts per day.

At 1/100th of Bitcoin, the Nano Bitcoin futures contract requires less upfront capital, allowing participants to easily go long or short the price of Bitcoin and manage risk in volatile markets.

Similar to the Bitcoin contract, the Nano Ether futures will be made available for trading via the following retail brokers EdgeClear, Ironbeam, NinjaTrader, Optimus Futures, Stage 5, and Tradovate, and clearing firms ABN AMRO, ADMIS, Advantage Futures, Dorman Trading, ED&F Man, Ironbeam and Wedbush.

Coinbase Financial Markets is awaiting approval for its license to operate a futures commission merchant (“FCM”) to offer futures directly to its clients as it takes another step in creating an accessible and regulated U.S. crypto derivatives market.