Coinbase Receives Regulatory Approval to Offer Perpetual Futures to Non-U.S. Retail Customers
Crypto exchange Coinbase has announced that its global arm, Coinbase International Exchange, has obtained approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures contracts to qualified non-U.S. retail customers. The exchange plans to launch these regulated futures contracts on its Coinbase Advanced platform in the near future. This move aligns with Coinbase’s strategy of collaborating with regulatory authorities worldwide to develop a crypto regulatory framework that fosters innovation.
Coinbase Aims to Shape Global Legal Framework
Coinbase aims to play a role in shaping the legal framework for cryptocurrencies not only in the United States but also globally. By expanding access to perpetual futures contracts for eligible non-U.S. customers, Coinbase seeks to fulfill its mission of updating the global financial system and providing economic freedom and opportunity to users worldwide. The exchange positions itself as a trusted and secure choice in an industry where many exchanges face regulatory challenges.
Compliance and User Protections at the Forefront
Coinbase International Exchange ensures rigorous compliance standards, risk management, and user protections in line with the BMA’s regulatory framework. As of Q2, their perpetual futures contracts have already achieved over $5.5 billion in notional trading volume from institutions. Non-U.S. retail traders can now verify their eligibility for perpetual futures on Coinbase Advanced.
Hot Take: Coinbase Expands Access to Perpetual Futures Contracts
Coinbase’s regulatory approval from the Bermuda Monetary Authority marks a significant milestone in its efforts to provide greater access and opportunities for non-U.S. retail customers. By collaborating with global regulators and prioritizing compliance and user protections, Coinbase positions itself as a trusted platform for cryptocurrency trading. The launch of perpetual futures contracts on Coinbase Advanced further demonstrates the exchange’s commitment to driving innovation in the crypto industry while maintaining regulatory compliance. This move not only expands Coinbase’s product offerings but also contributes to shaping the legal framework for cryptocurrencies worldwide.
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