Sentiment shifts
→ Volumes and open interest in spot, perps, term futures, and options all rose in August.
→ This suggests risk went back onto balance sheets amid heavier trading activity.
→ Funding rates were flat for BTC and only modestly firmer for ETH, indicating that
Regulated crypto derivatives are now live in Canada for the first time.
→ 23 crypto perps and dated futures (including BTC, ETH, and SOL)
→ 5 commodity futures (including Gold, Silver, and Oil)
→ Index futures like COIN50
→ 10x leverage. CFTC-registered.
It's a great day to be Canadian.
Eligible investors in Canada can now trade crypto derivatives on Coinbase.
A first for regulated crypto exchanges in the country.
Signs of Life
→ For the first time in months, crypto markets are showing signs of life.
→ Since the Treasury announced it was increasing the size of its long-end buybacks, bitcoin has rallied ~20%.
→ The government’s push to cap long-term yields appears to have been the
Demand for crypto in Canada is growing. Coinbase is at the center of bringing financial institutions onchain.
Today, we’re the crypto infrastructure partner behind @WebullGlobal’s Canadian expansion.
Custody. Advanced trading. USDC. US, Brazil, Australia. Now Canada.