Coinbase Secures Regulatory Approval to Offer Crypto Futures to US Customers

The Nasdaq-listed crypto speech Coinbase has secured regulatory support to run a Futures Commission Merchant (FCM) and connection customers entree to crypto futures. “Coinbase volition present beryllium the archetypal crypto-native person to straight connection accepted spot crypto trading alongside regulated and leveraged crypto futures,” the speech detailed.

Coinbase Reaches ‘Critical Milestone’

Cryptocurrency speech Coinbase (Nasdaq: COIN) announced Wednesday that it has reached “a captious milestone” by securing regulatory support to connection crypto futures to eligible U.S. users. The announcement details:

Coinbase Financial Markets Inc. has secured regulatory support from the National Futures Association (NFA), a CFTC-designated self-regulatory organization, to run a Futures Commission Merchant (FCM) and connection eligible U.S. customers entree to crypto futures from our platforms.

Coinbase filed an exertion with the NFA successful September 2021 to registry an FCM. The speech stated Wednesday that the “approval has been secured.”

Noting that “This is simply a captious milestone that reaffirms our committedness to run a regulated and compliant concern and beryllium the astir trusted and unafraid crypto-native level for our customers,” the announcement states:

Coinbase volition present beryllium the archetypal crypto-native person to straight connection accepted spot crypto trading alongside regulated and leveraged crypto futures, connected an integrated trading solution for our verified customers.

Meanwhile, Coinbase is broadening its planetary presence. The speech announced its authoritative launch successful Canada earlier this week.

The Nasdaq-listed crypto trading level is besides presently engaged successful a ineligible conflict with the U.S. Securities and Exchange Commission (SEC). The regulator filed charges against Coinbase successful June accusing the institution of operating an unregistered securities exchange, broker, and clearing agency. Nonetheless, Coinbase maintains that the tokens it lists connected its platforms are not securities. In contrast, SEC Chairman Gary Gensler views all crypto tokens, with the objection of bitcoin, arsenic securities. Coinbase has appealed to the tribunal to dismiss the SEC lawsuit, arguing that the regulatory assemblage has exceeded its statutory authority.

What bash you deliberation astir Coinbase offering entree to crypto futures connected its platforms? Let america cognize successful the comments conception below.