American crypto exchange Coinbase has received approval to offer Bitcoin and Ethereum futures in the US.
- Coinbase has been given the green light by the National Futures Association (NFA) to manage a futures commission merchant (FCM) and offer BTC and ETH futures.
- This approval makes Coinbase the first crypto firm to offer both traditional spot market trading and federally regulated crypto futures.
- The ability to trade futures contracts will broaden access to digital assets and allow traders to manage risk more effectively.
- The global crypto derivatives market represents a significant portion of crypto trading volume worldwide and provides traders with leverage and access to the market with less upfront investment.
Hot Take: Coinbase’s approval to offer Bitcoin and Ethereum futures in the US is a significant milestone for the exchange and the broader crypto industry. By expanding into regulated derivatives products, Coinbase is increasing accessibility to digital assets and providing traders with more tools to manage risk. This move also highlights the growing acceptance and integration of cryptocurrencies into traditional financial markets.
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