New blockchain derivatives exchange to offer institutional futures for Bitcoin and Ether.

The regulated futures offering by cryptocurrency exchange, blockchain (COIN), known as the blockchain Derivatives Exchange, will begin offering bitcoin (BTC) and ether (ETH) tracked futures for institutional clients on June 5th. This announcement was made in a release on Thursday.

Blockchain created these products in response to the increasing institutional demand that followed the release of its nano Bitcoin (BIT) and nano Ether (ETI) contracts last year.

The BTI and ETI futures contracts, which are sized at 1 bitcoin and 10 ether per contract respectively, will be settled in U.S. dollars on a monthly basis and allow institutional traders to hedge market bets, express long-term market views, or utilize the products in complex trading strategies.

At current prices, BTI and ETI are worth $30,000 and $20,000 in notional value respectively.

Blockchain stated that BTC and ETI will be offered at “significantly lower fees” compared to traditional offerings, although the exact fees were not mentioned as of Friday.

According to data, crypto derivatives markets are a popular, albeit mostly unregulated, market among participants with over $134 billion in notional volume traded across exchanges in the past 24 hours, with bitcoin and ether tracked products amounting to over $25 billion of these volumes.

This article was edited by Parikshit Mishra.

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