Coinbase Receives Regulatory Approval for Perpetual Futures Trading in Bermuda
Coinbase International Exchange has achieved a significant milestone by receiving regulatory approval from the Bermuda Monetary Authority (BMA). This approval allows Coinbase to enable perpetual futures trading for eligible non-US retail customers. Perpetual futures contracts are attractive to traders and investors because they never expire.
Expanding Access to Global Derivatives Market
Coinbase International is dedicated to partnering with global regulators and creating a crypto-regulatory framework that drives innovation. While Coinbase chose to build its business in the US, it is excited to offer perpetual futures access to eligible non-US customers.
Cooperation Between Crypto Firms and Regulators
The approval highlights the importance of cooperation between regulators and crypto firms in shaping the future of digital finance. Coinbase’s commitment to providing a safe and regulated environment for cryptocurrency trading is emphasized. The crypto derivatives market accounts for 75% of total crypto trading volume, indicating strong demand for derivatives.
Coinbase Going After Violators
Coinbase has limited its services in India and suspended new signups due to violations of its terms and conditions. Indian customers who have violated these conditions will no longer have access to Coinbase’s services.
Hot Take: Coinbase Expands Perpetual Futures Trading with Bermuda Approval
Coinbase International Exchange has received regulatory approval from the Bermuda Monetary Authority, allowing the platform to offer perpetual futures trading to eligible non-US retail customers. This milestone showcases the importance of collaboration between regulators and crypto firms in shaping the future of digital finance. By expanding access to perpetual futures, Coinbase aims to drive innovation in the global financial system and provide economic freedom and opportunity worldwide. However, Coinbase has also limited its services in India, targeting customers who have violated the platform’s terms and conditions. Overall, Coinbase continues to make strides in the crypto market while ensuring compliance and safety for its users.
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