Coinbase Launching 'Nano' Bitcoin Futures via Derivatives Exchange

Retail investors will be able to trade crypto futures through $Coinbase(COIN.US)$ starting Monday, as the largest exchange in the U.S. by volume will offer them on its new Derivatives Exchange platform.
The move comes after Coinbase acquired FairX in January as part of its goal of offering crypto futures and options trading to its customers. FairX had been selling futures products and was already registered with the federal Commodity Futures Trading Commission (CFTC), giving Coinbase a running start in the $3 trillion crypto derivatives market.
Now Coinbase has rebranded FairX as the Coinbase Derivatives Exchange, and its "nano $Bitcoin(BTC.CC)$ futures"—1/100th of a Bitcoin, marketed under the ticker BIT—is its first listed crypto derivatives product. "This is one step to creating a robust and regulated crypto derivatives market," a Coinbase spokesperson told Decrypt.
If BIT futures were available today, they would be priced around $211