Coinbase is listing two new small size crypto futures, while CME Group will launch the first contracts in its equity index partnership with the Bolsa Mexicana de Valores (BMV) in an otherwise light week for issuance at derivatives exchanges.
There will be a total of 15 derivatives listings this week, according to FOW data.
Coinbase, which closed a $2.9 billion (£2.1bn) acquisition of cryptocurrency options specialist Deribit last week, on Monday adds to the “perpetual style” nano complex with Solana (SOL) and Ripple Labs (XRP) contracts, the data shows. The contract size is 500 XRP and 5 SOL coins, the exchange announced at the end of last month, as it rolled out 24 hour a day, seven days a week trading on its US regulated market.
Coinbase last month launched on its US regulated exchange the first in a series of what it called “perpetual style” futures, with expiries of five years. The firm also listed small-sized “nano” contracts on cryptocurrencies bitcoin and ether with a lot size of 0.01 bitcoin and 0.10 ether.
Separately, CME Group on Monday lists the first Mexican equity index contracts under the partnership announced with BMV in June, launching E-mini futures referencing the index of the most liquid stocks listed on the Mexican exchange. CME and its clearing arm will list a S&P BMV IPC index future and a basis trade at index close version on Monday, according to FOW data.
In a statement from June, the chief executive of BMV said the CME partnership will help the Mexico-based exchange develop the regional derivatives market.
“This strategic initiative aims to deliver meaningful benefits to our domestic cash and derivatives markets by connecting liquidity pools and improving market depth,” Jorge Alegria said in a release at the time. “It will strengthen Mexico's role in the global financial ecosystem and support the continued growth of our markets.”
The moves come after the Indian markets regulator signalled a more interventionist approach by lodging a complaint against market-maker Jane Street. Jane Street at the end of last month asked for more time to respond to the allegations and co-operate with the investigation.
The Securities and Exchange Board of India (SEBI) introduced on November 20 restrictions on the Indian index derivatives market aimed at protecting retail investors who have driven the growth in that segment over recent years. The measures were supplemented at the end of May by new disclosure and monitoring thresholds for the market.
The Taiwan Futures Exchange will later this week listed a total five single stock equities contracts, including a future and options contract on SinoPac Financial Holdings, according to FOW data.
