Coinbase to launch nano bitcoin futures to attract more retail traders

In an effort to attract more retail traders, Coinbase Derivatives Exchange, Coinbase's (NASDAQ:COIN) futures exchange regulated by the Commodity Futures Trading Commission, will roll out so-called nano bitcoin (BTC-USD) futures. Coinbase's (COIN) derivatives exchange, formerly known as FairX, will launch its first cryptocurrency derivatives product on June 27, the company said in a blog post Friday. Recall Coinbase in January had acquired derivatives exchange FairX amid heightened investor interest. Meanwhile, Coinbase (COIN) said its futures commission merchant license, which would allow the exchange to offer margined futures contracts directly to its clients, is waiting to get approved by regulators. Unlike traditional bitcoin (BTC-USD) futures products, nano bitcoin futures are "1/100th of the size of a Bitcoin, it requires less upfront capital than traditional futures products and creates a real opportunity for significant expansion of retail participation in US regulated crypto futures markets,” Coinbase explained. Coinbase (COIN) is joining a string of