Coinbase Expands Perpetual Futures Trading to Global Retail Traders
Coinbase International Exchange, the non-U.S. exchange of Coinbase, has received a license from the Bermuda Monetary Authority (BMA) to extend its futures trading services to retail investors worldwide, excluding U.S. residents. This regulatory approval allows Coinbase to offer derivatives services to a broader customer base through its Coinbase Advanced platform in the near future.
Commitment to Transparency and Compliance
Coinbase emphasizes its commitment to transparency, risk management, and compliance with regulatory standards set by the BMA. As a trusted and secure name in the crypto industry, Coinbase aims to update the global financial system by providing users around the world with regulated access to derivatives.
Regulatory Scrutiny and Growth Opportunities
While other exchanges face increased regulatory scrutiny in the U.S., Coinbase sees this approval as an opportunity for expansion. The company’s futures contracts have already achieved over $5.5 billion in notional trading volume since their launch earlier this year.
Futures Trading Eligibility and Security Measures
Coinbase will offer futures trading services exclusively to eligible retail investors outside of the U.S., subject to assessment checks. These futures accounts will be backed by usd coin (USDC) reserves and managed by an experienced risk team, ensuring a secure trading environment.
Hot Take: Coinbase Empowers Global Retail Traders with Perpetual Futures
With its recent regulatory approval from the BMA, Coinbase is set to revolutionize the global financial system by extending its futures trading services worldwide. By prioritizing transparency, risk management, and compliance, Coinbase aims to provide users around the world with regulated access to derivatives. While other exchanges face regulatory scrutiny in the U.S., Coinbase sees this as an opportunity for growth. Its futures contracts have already gained significant traction, and now retail investors outside of the U.S. can benefit from these services. With strong security measures in place, Coinbase ensures a safe trading experience for its global customers.
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