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What are Nano Bitcoin Futures and Why Should You Consider Trading Them? - TradovateCoinbase Derivatives is a Designated Contract Market (DCM), registered with the Commodity Futures Trading Commission (CFTC), operating a crypto-centric futures. The Coinbase Nano Bitcoin Future is a monthly cash-settled futures contract that allows participants to manage risk, trade on margin, or speculate on the price. This guide is for existing Bookmap users wishing to trade nano bitcoin futures (BIT) as part of the Coinbase Derivatives / Tradovate package.