NinjaTrader Group, a global clearing, brokerage, and technology solution for active traders announced on June 27, 2022, that it would offer traders the new Nano Bitcoin futures contract from the Coinbase Derivatives Exchange. This makes it among the first in the world to offer futures contracts to traders. Individual traders will be able to access this crypto futures contract via NinjaTrader and Tradovate, both subsidiaries of the NinjaTrader Group without commissions or market data fees.
What the Leadership Team Had to Say
Commenting on the announcement, the CEO of the NinjaTrader Group, Martin Franchi, said that they were “thrilled to continue supporting global exchange product innovation tailored to the retail community.” He added that their innovative, affordable, and accessible products would be offered via their platform the moment they launched. He noted that their commission-free trading, combined with innovative solutions gave active and new traders an easy means to take a position or hedge their exposure in the crypto market in a regulated exchange. According to the CEO, they were anticipating significant interest in the new contract. He added that they believed it was the perfect product, and market fit as retail investors continue to move into the futures markets.
The head of Coinbase Derivative Exchange, Boris Ilyevsky, also commented on the announcement. He said that he was excited for his company to be working alongside the NinjaTRader team. He noted that Tradovate had collaborated with them from the first day to create best-in-class products for their customers. Ilyevsky also praised NinjaTrader, and called its reputation in the retail futures sector “unparalleled.” According to Ilyevsky, they were excited to continue their partnership with the two companies, and innovate on new products for the retail world.
About the Nano Bitcoin Futures Contracts
Each of the futures contracts is sized at 1/100 the price of BTC. It represents the smallest crypto futures contract on offer in the world today. The contracts allow traders to go long or short on BTC prices. As a result, traders have opportunities for profitability no matter which way the market is going. Those with existing crypto positions can use these futures contracts to hedge against their position. At the same time, those who might have been hesitant to invest in BTC directly can take part in its price movement at a smaller investment.
The Nano Bitcoin futures contracts are the most recent addition to the product offering on NinjaTrader and Tradovate. They are designed to make the dynamic futures markets more accessible to retail traders. As of May 2022, over 10.2 million futures contracts were traded via NinjaTraders and TRadovate.
About the NinjaTrade Group, LLC
NinjaTrader Group, LLC provides award-winning trading solutions that include software, and futures brokerage services to active futures traders. The company was founded in 2003 and has since evolved into an industry leader with over 500,000 traders from around the world.
Traders of NinjaTrader Group get access to best-in-class technology, discount commissions, and excellent customer support. Via its subsidiary, Tradovate, the company meets the needs of active retail traders. The company offers traders access to a modern, cloud-based futures trading platform, as well as subscription-based, commission-free trading. Tradovate offers future traders from any location in the world, with traders being allowed to download the platform on their Windows or Mac devices, log in via Chrome and other browsers, and trade via mobile devices on Apple or Android OS.