In a major development, Coinbase has received regulatory approval to list crypto futures in the United States.
- Coinbase has secured approval from the National Futures Association (NFA) to operate as a Futures Commission Merchant (FCM).
- With the approval, Coinbase intends to offer regulated derivatives products through Coinbase Financial Markets to eligible US-based customers, subject to oversight by the NFA and the Commodity Futures Trading Commission.
- This makes Coinbase the first crypto platform in the US to offer regulated and leveraged crypto futures alongside spot trading.
- The approval will allow greater access to the larger crypto economy and provide a safe way for more people to participate in the digital innovation in the US.
- Coinbase can now offer futures contracts in Bitcoin and Ethereum to its US customers.
Hot Take
The approval of Coinbase to offer crypto futures in the US is a significant milestone for the cryptocurrency industry. It opens up new opportunities for traders and investors who can now participate in regulated and leveraged trading. This move also reinforces Coinbase’s commitment to operating a compliant and secure platform. With the growing popularity of cryptocurrencies, the approval will contribute to the broader adoption of digital assets and further solidify the US as a hub for digital innovation.
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