{"id":430366,"date":"2023-08-16T12:01:15","date_gmt":"2023-08-16T12:01:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=430366"},"modified":"2023-08-16T15:02:05","modified_gmt":"2023-08-16T15:02:05","slug":"coinbase-wins-approval-for-crypto-futures-trading-in-us","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/coinbase-wins-approval-for-crypto-futures-trading-in-us","title":{"rendered":"Coinbase Wins Approval for Crypto Futures Trading in US"},"content":{"rendered":"

Coinbase won approval to offer crypto futures trading to customers in the US.<\/span><\/p>\n

It becomes the first crypto platform that’s able to offer investments that will include Bitcoin and Ethereum futures contracts via a so-called Futures Commission Merchant platform.<\/span><\/p>\n

https:\/\/twitter.com\/coinbase\/status\/1691751814004175204?ref_src=twsrc%5Etfw<\/p>\n

Coinbase said on its blog<\/a><\/span> that the regulatory approval from the NFA, which took almost two years, is a vital step forward.<\/span><\/p>\n

Greg Tusar, Coinbase’s spokesperson stated:<\/span><\/p>\n

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By gaining this regulatory foothold, the crypto exchange positions itself as a pioneer in the digital financial realm, poised to offer a unified platform where traditional spot crypto trading and regulated, leveraged crypto futures coexist harmoniously.<\/span><\/p>\n<\/blockquote>\n

The company recognizes that the ability to trade crypto derivatives provides users with leverage and flexibility to engage with the market while managing risk and exposure more effectively.<\/span><\/p>\n

Coinbase highlighted that its acquisition of FairX, which it turned into the Coinbase Derivatives Exchange, underscores its commitment to this path. This exchange has already introduced Nano Bitcoin and Ethereum futures<\/span><\/a> contracts designed for everyday investors as well as larger institutions.\u00a0<\/span><\/p>\n

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Today, Coinbase filed an application with the NFA to register as an FCM \u2192 Futures Commission Merchant. <\/p>\n

This is the next step to broaden our offerings and offer futures and derivatives trading on our platforms. <\/p>\n

\ud83d\udc49 Goal: Further grow the cryptoeconomy.<\/p>\n

— Coinbase \ud83d\udee1\ufe0f (@coinbase) September 15, 2021<\/a><\/p><\/blockquote>\n