Coinbase launches futures, options for UK pros, eyes Ethereum impact

https://www.nbclosangeles.com/news/business/money-report/heres-what-coinbase-is-and-how-to-use-it-to-buy-and-sell-cryptocurrencies/2573035/ Coinbase has announced the launch of futures, perpetuals, and crypto options for professional investors in the United Kingdom. This expansion is facilitated through the Coinbase International Exchange and is geared towards professional clients rather than the general retail market. The offering includes over 170 contracts covering various asset classes, with specific options for crypto limited to calls, puts, and multi-leg strategies. This move comes after Coinbase received regulatory authorization in the UK to offer investment services and derivatives, indicating a strategic push to enhance its presence in the UK derivatives market. The launch is expected to influence market dynamics, with potential implications for Ethereum pricing. The introduction of derivatives could indicate increased market activity and demand, especially in the Ethereum segment, which might affect its future price trajectory. Current market activity reflects low probability estimates for Ethereum reaching notable price points by the end of 2026, suggesting cautious mark...