Coinbase Receives Regulatory Approval for Crypto Futures Trading in the US

Coinbase has announced that it has obtained regulatory approval from the National Futures Association to operate as a futures commission merchant, enabling it to bring federally regulated crypto futures trading to eligible customers in the US. With this approval, Coinbase customers will have access to regulated derivatives products through Coinbase Financial Markets, under the oversight of the Commodity Futures Trading Commission and the NFA. The company can now offer cryptocurrency futures contracts in bitcoin and ether.

Key Points:

Coinbase has secured regulatory approval from the National Futures Association to operate as a futures commission merchant.
Eligible US customers will be able to access regulated derivatives products through Coinbase Financial Markets.
Customers can now trade cryptocurrency futures contracts in bitcoin and ether.
This milestone highlights Coinbase’s commitment to operating a regulated and compliant business.
The Coinbase website currently has a message inviting users to sign up for the waitlist for US regulated futures trading.

This regulatory approval marks a significant moment for Coinbase and the crypto industry. By bringing regulated crypto products to US customers, Coinbase aims to solidify its position as a trusted and secure platform. With the rise of crypto derivatives trading, this move opens up new opportunities for investors and further legitimizes the crypto market as a whole. The positive response from investors, as seen in the increase in Coinbase’s shares, reflects the market’s confidence in the company’s regulatory compliance efforts.