NinjaTrader Group, a clearing, brokerage, and know-how supplier for lively merchants via its subsidiaries NinjaTrader and Tradovate, right this moment introduced that its companies are among the many first to supply the brand new Nano Bitcoin futures (BIT) contract launched by the Coinbase Derivatives Alternate.
Every Nano Bitcoin futures contract is sized at 1/100 the worth of a bitcoin, representing the smallest dimension cryptocurrency futures contract obtainable. The contract allows merchants to go lengthy or brief bitcoin, offering a possibility to reap the benefits of the markets getting into both path.
Those that have an present crypto place can use the brand new Nano Bitcoin contract to hedge in opposition to that place, and others who could have been reluctant to put money into bitcoin straight can take part within the motion of the worth for a a lot smaller funding.
