Coinbase, the largest cryptocurrency exchange in the U.S., has obtained regulatory approval to offer crypto futures trading services to eligible clients from the National Futures Association, a self-regulatory organization designated by the Commodity Futures Trading Commission.
See related article: Weekly Market Wrap: Can Bitcoin close the week above US$29,300?
Fast facts
- Coinbase announced on Wednesday that it can now offer futures contracts in Bitcoin and Ether for eligible customers in the U.S., making it the first company to offer regulated and leveraged crypto futures along with spot crypto trading services in the country.
- The exchange’s subsidiary, Coinbase Financial Markets, received the approval to operate a Futures Commission Merchant, allowing the exchange to take orders to buy or sell futures or related options.
- The development comes two months after the U.S. Securities and Exchange Commission sued Coinbase for allegedly violating securities laws a day after the agency sued Binance, the world’s largest exchange, on similar charges.
See related article: Paypal launches stablecoin, SFC issues warning as Crypto comes to rescue in war
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- Source: https://forkast.news/headlines/coinbase-cleared-offer-crypto-futures-trading-in-us/
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