Coinbase Launches Retail Futures Product, Tether Releases Q3 Attestation Report

Name: FS Insight
Price range: $$$

Nov 1, 2023

Author

Tom Couture ^AC

BTC -4.08% ETH 1.98% NEAR -1.69% SOL -6.76%

Market Update Equity indices reacted positively to the release of the U.S. Treasury’s funding schedule this morning, with the SPY and QQQ both rising over 0.60%. The Federal Reserve Committee is set to meet today and announce a decision on interest rates at 2 pm EST. The market is not expecting any surprises as interest rates will likely be held at current levels. Crypto markets are mixed ahead of the Fed meeting, with the majors declining and select altcoins showing strength. $BTC and $ETH have both fallen over 1.00%, while $SOL (+6.90%) and $NEAR (+7.96%) are two of the top performers today. NEAR’s rise can be attributed to a new partnership announcement with Nym Technologies to bring privacy and encryption to the NEAR ecosystem. The collaboration should help secure user data and reduce potential malicious activity across the network.Coinbase has officially gone live with its U.S. retail futures product, Coinbase Advanced, after receiving regulatory approval in August. With Coinbase Advanced, eligible customers can trade nano-sized futures contracts – either 1/100th of a Bitcoin or 1/10th of an Ether. The reduced contract size enables smaller retail traders to incorporate hedging or long/short strategies into their portfolios. Crypto derivatives represent approximately 7

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