What is Coinbase Derivatives Exchange?
Launched in June 2021, Coinbase Derivatives (formerly FairX) is a U.S.-based, CFTC-registered approved derivatives exchange (as a DCM or designated contract market). It offers micro and nano futures instruments.
Their unique business model has been specifically designed for active retail traders, to provide simple, accessible, and more affordable futures trading opportunities.
Why Trade Coinbase Derivatives Instruments?
Bookmap has partnered with Tradovate to offer zero-cost trading on all Coinbase Derivatives instruments.
Pay no broker commissions, no data fees, no exchange fees, no NFA fees, and no Bookmap fees.
Markets are open 23 hours a day, 5 days a week. There are 7 instruments available that are correlated to some of the most highly traded stock index and crude oil futures.
Margin requirements are as low as $10 (on nano instruments) to $50 (on micro instruments). This creates an exciting opportunity and extremely low barrier to entry for anyone interested in trading futures.
How to Get Started
1. Register a Tradovate Account by Following Our Link
Use our dedicated link to sign-up to Tradovate. Registration takes just a few minutes and no deposit is required.
2. Install the Latest Version of Bookmap
New Bookmap Traders
If you don't already have a Bookmap account, you'll first need to register by completing our short sign-up form here.
Then download and install Bookmap.
Existing Bookmap Traders
If you've already registered with Bookmap and have an existing account:
Click here to download the latest version of Bookmap (Mac users click here).
3. Connect Bookmap to Tradovate
Enable the Tradovate connection within Bookmap (if Tradovate doesn't appear in your list of connections you need to install and configure the Tradovate adapter).
Authenticate the connection by entering your Tradovate credentials in the pop-up browser window (you can also login with your social account if preferred).
You are now ready to subscribe to Coinbase Derivatives futures instruments.
What Instruments are Available on Coinbase Derivatives Exchange?
The following seven instruments are currently available:
- B5 (Nano Bloomberg US Large Cap Index Futures)
- LB5 (Micro Bloomberg US Large Cap Index Futures)
- TEC (Nano SuperTech Index Futures )
- LTEC (Micro SuperTech Index Futures )
- OIL (Micro Crude Oil Futures)
- ET (Nano Ether Futures)
- BIT (Nano Bitcoin Futures). Please see the dedicated page for this instrument.
For the latest instruments and product codes please check the Coinbase Derivatives Exchange website in the section "Product Codes".
Coinbase Derivatives Futures Symbols
When subscribing to Coinbase Derivatives futures instruments through Bookmap you must add the expiry month and year to the symbol name.
For example B5Z1 represents the B5 Coinbase Derivatives futures contract with the December 2021 expiration.
You can find the most recent Coinbase Derivatives contracts in the section "Historical Data" on this page. and use the following codes to subscribe to the correct symbol:
Months
- January – F
- February – G
- March – H
- April – J
- May – K
- June – M
- July – N
- August – Q
- September – U
- October – V
- November – X
- December – Z
Years
- 2021 – 1
- 2022 – 2
- 2023 – 3
- 2024 – 4
- 2025 – 5
- 2026 – 6
- 2027 – 7
- 2028 – 8
- 2029 – 9
Note: You can also trade regular CME futures instruments.
Which Bookmap Package is Required to Access CME/Coinbase Derivatives Instruments?
Digital+ Bookmap users will only be able to view the following instruments through the Tradovate connection:
CME Instruments
ES, YM, NQ, RTY, MES, MYM, MNQ, M2K
Coinbase Derivatives Instruments
B5, LB5, TEC, LTEC, OIL, ET, BIT
You will also be able to trade these instruments via a Tradovate account.
Global Bookmap users will have unrestricted viewing capability. You'll also be able to trade the Coinbase Derivatives instruments on Tradovate and the micro instruments on Coinbase Derivatives or CQG.
Global+ Bookmap users will have no viewing or trading restrictions using the Tradovate adapter through Bookmap.
How to Subscribe to a Coinbase Derivatives Futures Instrument
Once you have enabled the Tradovate connection you can subscribe to Coinbase Derivatives instruments by clicking on the "Add Instrument" icon, choosing the "Tradovate" platform, entering your preferred symbol, and clicking "Subscribe":
Coinbase Derivatives Frequently Asked Questions
Listed below are some answers to commonly asked questions regarding Coinbase Derivatives and Tradovate.
Tradovate doesn't appear in my list of connections
First, check that you have the Tradovate adapter installed. Click "Settings" then "Manage Connections" to open the Bookmap Plugins Manager.
If the "tradovate-adapter" is listed as "Available for Install", proceed with the installation and restart Bookmap.
You can now add the Tradovate connection by selecting "Connections" > "Configure" and adding the new connection from the Connectivity Configuration.
Tradovate should now appear in your list of connections.
FAQs
Bookmap is an incredibly powerful tool to visualize real-time liquidity zones in the market to help you make better buying and selling decisions in your trading – and it works for stocks, futures, and crypto!
Can you use BookMap for free? ›
Free offline subscription does allow recording of live depth data, for a limited period, but it does not allow real-time viewing of the data. So the data is recorded but the symbol buttons remain inactive. The recorded data can be viewed with Bookmap replay after the recording session ends.
What is coinbase derivative exchange? ›
Coinbase Derivatives has become the first CFTC-regulated exchange to offer margined Bitcoin Cash and Litecoin futures contracts, which launched earlier this month and are performing well. Bitcoin Cash and Litecoin contracts launched on April 1, with Dogecoin futures launching later this month.
Can you trade on BookMap? ›
Bookmap supports trading that is routed via your TradeStation account. You can use Bookmap as a standalone platform connected to dxFeed US equity data feed and place your orders directly on Bookmap. The orders are executed through your TradeStation account.
How much does Bookmap cost per month? ›
Educate yourself and make better trading decisions
| Choose a Bookmap package: Global Real-time for stocks and futures | $49 per month |
|---|
| Global+ Inc. advanced indicators and one-click trading | $99 per month |
Which source of market data does Bookmap provide? Bookmap connects to multiple trading platforms and market data vendors, such as TT API, S5, CQG, NinjaTrader, TWS, IQFeed, Rithmic and Transact API.
What is the free version of Bookmap? ›
In Bookmap® Digital (the free version), you can only use Bookmap® with one crypto instrument at a time. If you want more than one instrument (as well as many more advanced features), you'll need to subscribe to Bookmap® Digital+, Global or Global+. Click here to compare our packages.
What is similar to Bookmap? ›
Top 4 bookmap.com Alternatives & Competitors
- atas.net. 219,347. Country Rank: Russian Federation. 26,146. 238.64K. 1.6. 78.57%
- gocharting.com. 46,129. 5,576. 1.8M. 1.9. 58.1%
- optimusfutures.com. 477,439. 267,554. 86.69K. 2.2. 84.67%
- tdameritrade.com.sg. 645,804. Country Rank: Malaysia. 28,601. 57.09K. 1.4. 76.9%
Bookmap accurately displays the highest quoted bid and lowest quoted offer for a given asset at any given time (also called the best bid and ask, BBO, or simply the spread). Observing how incoming volume reacts to changes in the BBO can help you identify exhaustion and absorption in real-time.
Which crypto exchange is best for derivatives? ›
Top 10 Best Crypto Derivatives Exchanges in 2024
- Deribit: ...
- Binance: ...
- OKX: ...
- KuCoin: ...
- Kraken: ...
- Bitget: ...
- Bitfinex: Bitfinex is a veteran cryptocurrency exchange that also operates a derivatives trading platform for futures contracts. ...
- Gate.io:
Although both are owned by the same company, Coinbase Wallet is a custodial crypto exchange, while Coinbase Wallet is a non-custodial, or self-custodial, crypto wallet. Coinbase exchange is primarily used to buy, sell, and trade cryptocurrencies, while Coinbase Wallet allows users to interact with DeFi protocols.
Is my money safe on Coinbase exchange? ›
Yes, Coinbase has a number of robust security measures, to keep your sensitive data safe. For instance, all account and routing numbers are stored using bank-level encryption.
How much does Bookmap cost? ›
For $49 per month (or $120 per year), you'll get everything on the free schedule, plus: Record / Replay, VWAP, POC. 20 ticker symbols viewable at once. Real-time market data on futures and stocks (with a data plan)
Does Bookmap show limit orders? ›
Bookmap enables placing Limit and Stop orders with One-click action directly from the Bookmap chart or from the Trading DOM column. This offers a tremendous advantage for pinpointing trade location and expediting trade execution.
What platforms are supported by Bookmap? ›
Notes: Supported platforms are Rithmic, dxFeed, TradeStation, Interactive Brokers, CQG, IQFeed, Ninja, Tradovate, GAIN Futures, Trading Technologies, Huobi, Binance, Bybit, CoinbasePro, Okex.
Does Bookmap have footprint charts? ›
Bookmap provides footprint charts, which offer insights into trading activity and price distribution over a specific period. Swing traders can use these charts to identify areas of price discovery and assess support/resistance levels.
How effective is grid trading? ›
Grid trading is a strategy that involves placing orders at incrementally increasing and decreasing prices above and below a set price level. It is effective in markets where prices fluctuate within a specific range, as it can automatically execute trades based on a predefined grid.
What is a free alternative to Bookmap? ›
Top 10 paid & free alternatives to Bookmap includes Ultimate Charting, JigSaw Trading, TC2000, Axon Trade, Blackwave Trading, MetaTrader 4, Quantower, StreetSmart Edge, FXall AND Guardian Trading. Analyze a range of top Algo Trading Software that offer similar benefits at competitive prices.
Does Bookmap use GPU? ›
Bookmap utilizes modern GPU technologies and uses OpenGL 3.0 interface. OpenGL 3.0 is available since 2008, so most computers are supporting it. Users with older graphic cards can disable it via Settings->GPU acceleration.
