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Coinbase Wins Approval to Offer Futures Contracts in BTC and ETH

Published

1 year ago

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Coinbase crypto exchange

Coinbase today announces the approval to offer regulated crypto futures trading to eligible US customers. It can now offer futures contracts in BTC and ETH.

It has secured regulatory approval from National Futures Association (NFA), a CFTC-designated self-regulatory organization, to operate a Futures Commission Merchant (FCM) and offer eligible US customers access to crypto futures from our platforms.

Coinbase filed an application with the NFA to register an FCM in September 2021. Official X (Twitter) account of Coinbase tweets, “This is a significant milestone for bringing federal regulatory oversight over the crypto markets that protects consumers and helps ensure the US remains a center for digital innovation.”

As reported by Coindesk, CFTC Commissioner Christy Goldsmith Romero, said “I have been vocal about the benefits of bringing appropriate crypto activities into the regulated space in order to protect customers, but in a way that supports oversight, accountability, transparency, and risk management.”

Also, Andrew Sears, CEO, Coinbase Financial Markets, said “Offering US investors access to secure and regulated crypto futures is key to unlocking growth and enabling broader participation in the crypto economy.”

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.