Nodal Exchange is pleased to announce the Nodal Access^SM trading platform, a web-based, customizable solution designed for trading power, natural gas, and environmental contracts. The platform provides users with a secure and flexible system to execute screen-based trades across all of Nodal Exchange’s asset classes, accessible from any browser.

The Nodal Access trading platform provides access to Nodal T7, a world class trading system developed by Deutsche Börse Group, that delivers ultra-low latency and optimal handling of very high throughput using its state-of-the-art technology. Nodal Access includes front-end features including customizable workspaces, real-time order data, and tailored to trading Nodal Exchange’s contracts. The platform offers rapid implementation of new exchange functionality and integrates seamlessly with existing trade capture solutions for straight-through processing.

Nodal Exchange participants using the Nodal Access trading platform can execute trades on the wide range of products listed on Nodal.

Products include:

• Power: Futures contracts for on-peak and off-peak power at commercially significant locations in the ISO-NE, NYISO, PJM, MISO, ERCOT, SPP and CAISO markets as well as Mid-C.
• Natural Gas: Cash settled futures contracts for Henry Hub.
• Environmental: Futures contracts on Renewable Energy Certificates; Carbon Emission Credits Allowances, & Offsets; Renewable Fuel Credits; and SO2/NOx Emission Allowances developed in collaboration with IncubEx.

Trading firms interested in utilizing the Nodal Access trading platform can contact screensupport@nodalexchange.com.

Coinbase Derivatives Exchange is launching nano Bitcoin and nano Ether perpetual-style futures, offering a CFTC-Regulated contract market instead of offshore perpetual derivatives markets. These 5-year, cash-settled futures contracts closely track spot market prices through a funding rate mechanism that debits or credits open positions via a clearing cash adjustment, delivering familiar functionality in a more secure, compliant environment.

Until now, many U.S.-based traders have turned to offshore exchanges to access perpetual derivatives, often assuming unnecessary regulatory, custody, and counterparty risks. Coinbase’s new contracts eliminate those concerns, allowing traders to access capital-efficient, long-term futures trading strategies without compromising on risk management or compliance.

Cleared 24×7 by Nodal Clear, these innovative contracts make perpetual-style trading available around the clock.

Explore the links below for additional information:

> Product page

> Coinbase blog announcement

Nodal Exchange announced strong performance in power, environmental, and natural gas futures as of the end of June 2025. Nodal achieved 1.481 billion MWh of open interest as of June 2025 up 7.6% from 1.377 billion MWh at the end of June 2024. This represents $149.9 billion of notional value based on both sides. Nodal Exchange remains the leading power futures exchange in North America with 57% U.S. power futures open interest. Nodal achieved half year power volume for the first half of 2025 with 1.61 billion MWh traded compared to 1.64 billion MWh traded in the first half of 2024. In June 2025, power futures volume was 164 million MWh up 6.4% from the same period in 2024.

Environmental futures and options on Nodal Exchange posted strong growth in the first half of 2025 in volume and open interest. For the first half of 2025, environmental futures and options volume totaled 402,364 lots, up 48% from a year earlier. Total open interest in Nodal environmental products ended June 2025 with 410,510 lots, up 17% from 351,659 lots a year earlier.

Paul Cusenza, Chairman and Chief Executive of Nodal Exchange, winner of the 2025 Energy Risk Commodity Exchange of the Year award, discusses how Nodal navigates volatility and how he expects the power, gas and environmental markets to develop in the coming months.