StoneX Financial Inc., a subsidiary of StoneX Group, has expanded its cryptocurrency offerings to customers by providing access to the full suite of Coinbase Derivatives Exchange (CDE) contracts cleared by Nodal Clear.
Announced on Thursday, the partnership between the three platforms will allow StoneX Financial customers to access CDE nano Bitcoin
Bitcoin
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is for sure: Bitcoin changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset and its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hanyecz made the first official BTC trading transaction with a real business by trading 10,000 Bitcoin for 2 pizzas at his local Papa John’s. We could now say that
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is for sure: Bitcoin changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset and its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hanyecz made the first official BTC trading transaction with a real business by trading 10,000 Bitcoin for 2 pizzas at his local Papa John’s. We could now say that
Read this term futures (BIT) and nano Ethereum
Ethereum
Ethereum is an open-source blockchain-based distributed computing platform and operating system with smart contract functionality. Established in 2014, Ethereum is now the second largest cryptocurrency by market capitalization at the time of writing. As a decentralized cryptocurrency network and software platform, Ethereum represents the most important altcoin. Ethereum also allows the creation of distributed applications, or dapps. Understanding EthereumEthereum has its own programming language,
Ethereum is an open-source blockchain-based distributed computing platform and operating system with smart contract functionality. Established in 2014, Ethereum is now the second largest cryptocurrency by market capitalization at the time of writing. As a decentralized cryptocurrency network and software platform, Ethereum represents the most important altcoin. Ethereum also allows the creation of distributed applications, or dapps. Understanding EthereumEthereum has its own programming language,
Read this term futures contracts (ET). BIT is sized at 1/100th of the underlying commodity, while ET is 1/10th.
“StoneX is committed to providing our clients with greater choice and access to capital markets to maximize their futures trading needs,” said Clayton Passero, Managing Director and Head of Online Futures. at StoneX Financial Group. “This agreement allows StoneX customers to access Coinbase’s robust product portfolio while benefiting from StoneX’s high-value and transparent clearing and execution services.”
Growing demand for crypto
Coinbase acquired FairX in January 2022 to enter the regulated crypto derivatives market. The platform was rebranded as Coinbase Derivatives Exchange following the acquisition. Coinbase launched BIT contracts on the newly acquired platform in mid-2022, targeting retail crypto traders. These nano-contracts offer the same advantages as classic futures contracts, but are designed for retail traders.
Nodal Clear, a derivatives clearing organization, provides central counterparty clearing services to Nodal Exchange and Coinbase Derivatives Exchange. It reduced credit risk for market participants by becoming the buyer for every seller and the seller for every buyer.
“We are delighted that StoneX is offering our futures contracts and look forward to their broad reach and distribution contributing to the quality of our already liquid futures markets,” said CDE CEO Boris Ilyevsky. “StoneX retail clients will be able to trade accessible futures contracts appropriate to their level of risk, and we plan to make larger contracts available to meet growing institutional demand.”
Meanwhile, StoneX is a massive financial services company with a broader market presence. The group, which also owns Forex.com and City Index, closed the first quarter of fiscal 2023 with operating revenue of $48.8 million from foreign exchange contracts and contracts for differences ( CFDs), a decrease of 32%.
StoneX Financial Inc., a subsidiary of StoneX Group, has expanded its cryptocurrency offerings to customers by providing access to the full suite of Coinbase Derivatives Exchange (CDE) contracts cleared by Nodal Clear.
Announced on Thursday, the partnership between the three platforms will allow StoneX Financial customers to access CDE nano Bitcoin
Bitcoin
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is for sure: Bitcoin changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset and its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hanyecz made the first official BTC trading transaction with a real business by trading 10,000 Bitcoin for 2 pizzas at his local Papa John’s. We could now say that
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is for sure: Bitcoin changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset and its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hanyecz made the first official BTC trading transaction with a real business by trading 10,000 Bitcoin for 2 pizzas at his local Papa John’s. We could now say that
Read this term futures (BIT) and nano Ethereum
Ethereum
Ethereum is an open-source blockchain-based distributed computing platform and operating system with smart contract functionality. Established in 2014, Ethereum is now the second largest cryptocurrency by market capitalization at the time of writing. As a decentralized cryptocurrency network and software platform, Ethereum represents the most important altcoin. Ethereum also allows the creation of distributed applications, or dapps. Understanding EthereumEthereum has its own programming language,
Ethereum is an open-source blockchain-based distributed computing platform and operating system with smart contract functionality. Established in 2014, Ethereum is now the second largest cryptocurrency by market capitalization at the time of writing. As a decentralized cryptocurrency network and software platform, Ethereum represents the most important altcoin. Ethereum also allows the creation of distributed applications, or dapps. Understanding EthereumEthereum has its own programming language,
Read this term futures contracts (ET). BIT is sized at 1/100th of the underlying commodity, while ET is 1/10th.
“StoneX is committed to providing our clients with greater choice and access to capital markets to maximize their futures trading needs,” said Clayton Passero, Managing Director and Head of Online Futures. at StoneX Financial Group. “This agreement allows StoneX customers to access Coinbase’s robust product portfolio while benefiting from StoneX’s high-value and transparent clearing and execution services.”
Growing demand for crypto
Coinbase acquired FairX in January 2022 to enter the regulated crypto derivatives market. The platform was rebranded as Coinbase Derivatives Exchange following the acquisition. Coinbase launched BIT contracts on the newly acquired platform in mid-2022, targeting retail crypto traders. These nano-contracts offer the same advantages as classic futures contracts, but are designed for retail traders.
Nodal Clear, a derivatives clearing organization, provides central counterparty clearing services to Nodal Exchange and Coinbase Derivatives Exchange. It reduced credit risk for market participants by becoming the buyer for every seller and the seller for every buyer.
“We are delighted that StoneX is offering our futures contracts and look forward to their broad reach and distribution contributing to the quality of our already liquid futures markets,” said CDE CEO Boris Ilyevsky. “StoneX retail clients will be able to trade accessible futures contracts appropriate to their level of risk, and we plan to make larger contracts available to meet growing institutional demand.”
Meanwhile, StoneX is a massive financial services company with a broader market presence. The group, which also owns Forex.com and City Index, closed the first quarter of fiscal 2023 with operating revenue of $48.8 million from foreign exchange contracts and contracts for differences ( CFDs), a decrease of 32%.
