Coinbase Gets Official Approval to Offer Crypto Futures in U.S. - A Game Changer!
Big news for crypto enthusiasts! Coinbase Global said on Wednesday it had secured approval to offer cryptocurrency futures to U.S. retail customers, scoring a major regulatory win even as it navigated the evolving regulatory landscape. This monumental step positions Coinbase as a leader in the U.S. crypto market.
Coinbase: First Crypto-Focused Platform with Regulated Futures
The approval makes Coinbase the first crypto-focussed platform in the U.S. to offer regulated and leveraged crypto futures alongside traditional spot trading, according to Coinbase. This marks a significant expansion of their offerings and provides U.S. customers with access to a wider range of investment options within a compliant framework.
24/7 Bitcoin and Ethereum Futures Trading Now Available
Coinbase Derivatives has officially activated 24/7 trading for Bitcoin and Ethereum futures, becoming the first CFTC-regulated derivatives exchange to offer around-the clock access to these popular digital assets. Now, eligible U.S. customers can trade futures contracts any time, day or night.
Regulatory Approval Details
Cryptocurrency exchange Coinbase has obtained approval from the National Futures Association (NFA) to offer investments in crypto futures to eligible customers in the U.S. Coinbase said it’s received regulatory approval to bring federally regulated crypto futures trading to eligible customers in the U.S, sending shares sharply higher before the announcement. This approval underscores Coinbase's commitment to regulatory compliance and investor protection.
Impact on Coinbase Shares
Coinbase said it’s received regulatory approval to bring federally regulated crypto futures trading to eligible customers in the U.S, sending shares sharply higher before. The market reacted positively to the news, indicating investor confidence in Coinbase's future prospects as a regulated provider of crypto futures.