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Subsidiaries of NinjaTrader Group would be the first to offer the Coinbase Derivative Exchange’s Nano Bitcoin Futures.
Popular clearing, brokerage, and technology services provider firm, NinjaTrader is among the initial firms that will allow its users to trade Coinbase Derivative Exchange’s Nano Bitcoin Futures. NinjaTrader is going to avail these services through its subsidiaries NinjaTrader and Tradovate, for which it would not even charge any commission or fees for market data.
The Nano Bitcoin Futures offer a derivative platform formerly known as FairX that, after acquisition by Coinbase, rebranded as Coinbase Derivative Exchange, and so does its bitcoin future product. This is about the 100th price of actual bitcoin that represents the smallest size possible of a cryptocurrency future contract. The Nano bitcoin futures contract would enable traders to go long or short on bitcoin.
The all-new financial contract can act as a hedge against the existing position of bitcoin. It can also be a good option for people who anticipate investing in bitcoin in order to participate in the trend even with a smaller investment.
Both NinjaTrader and Tradovate are known to add quite innovative tradable financial products with capabilities to increase the accessibility towards the markets of dynamic futures with the goal of serving retail customers. CEO of NinjaTrader Group, Martin Franchi, shared their excitement and thrill to continue their support for a product of global exchange that is more of an innovation that is shaped according to the demands of the retail community. Such affordable, accessible and exciting products will be served through the platform of NinjaTrader as soon as they launch.
Further he said that the unique offering of NinjaTrader including commission free and innovative trading services enables traders who are already on the platform along with the new ones alike, to take a straightforward approach in order to take their position or to hedge their crypto market exposure with regulated environment on US exchange like Coinbase.
Head of Coinbase Derivatives Exchange, Boris Ilyevsky said that the crypto firm is quite excited to work together with the team of NinjaTrader and Tradovate. Reputation of NinjaTrader across the retail future space is clearly unparalleled. At the same time, Tradovate has earlier collaborated with Coinbase in order to create products with best in class features for their customers.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
