Coinbase Derivatives Exchange is launching its first crypto derivatives product, Nano Bitcoin futures (BIT), at 1/100th of the size of a Bitcoin, on June 27 (Aoyon Ashraf/CoinDesk)

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Aoyon Ashraf / CoinDesk:

Coinbase Derivatives Exchange is launching its first crypto derivatives product, Nano Bitcoin futures (BIT), at 1/100th of the size of a Bitcoin, on June 27 — Coinbase Derivatives Exchange hopes to capitalize on a market that is $3 trillion in volume worldwide and provide hedging options for traders.