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Coinbase Approved to Offer Bitcoin and Ethereum Futures in the US

Coinbase Approved to Offer Bitcoin and Ethereum Futures in the US

By Daisy Hodley Aug 16, 202350Views
Bitcoin ,Coinbase ,Crypto ,Crypto Market ,Ethereum ,Financial

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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Daisy Hodley
Daisy Hodley
Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy's insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding. A guiding star for both intrepid explorers and curious novices venturing into the crypto realm, Daisy's insights form a compass for discerning decision-making amidst the ever-shifting currents of cryptocurrencies. With the touch of a literary artist, they craft a narrative that enriches the evolving mosaic of the crypto landscape.
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Coinbase Approved to Offer Bitcoin and Ethereum Futures in the US