StoneX Group and Coinbase Derivatives Exchange (CDE) have formed an alliance to give clients of StoneX Financial access to all of the agreements cleared by Nodal Clear provided.
Through joining forces with the CDE, retail investors now have the opportunity to trade highly liquid digital asset markets through the mini Bitcoin futures (BIT) and mini Ethereum futures (ET) contracts. These contracts are respectively sized at one one-hundredth and one-tenth of the original commodity.
Managing Director and Head of Futures Online, StoneX Financial Group, Clayton Passero, said:
StoneX is committed to providing our clients with greater choice and access across financial markets to maximize their futures trading needs. This agreement enables StoneX clients to access Coinbase’s robust portfolio of products while benefiting from StoneX’s high-value and transparent clearing and execution services.
Nodal Clear, a Derivatives Clearing Organization, functions as the central hub for mediating transactions between Nodal Exchange and Coinbase Derivatives Exchange. By assuming the role of both the buyer and seller, greatly reduces the credit risk for all involved parties.
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