Cryptocurrency News

Coinbase Wins Approval to Offer Futures Contracts in BTC and ETH

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.”

Share
Published by

Recent Posts

Tomarket App – A Guide to $TOMATO Airdrop, Farming and Web 3.0 Drop Event

Tomarket, Telegram's mini-app hits 20+ million all-time users and 8.8+ million daily active users. Tomarket…

2 months ago

Binance Lists Decentralized and Open L1 Blockchain Toncoin (TON) on its Platform

Cryptocurrency exchange Binance, today announces the listing of Toncoin on its platform. Toncoin is a…

3 months ago

iGaming Platform BC.GAME Signs $40 Million Deal to Become Principal Partner of Leicester City

The iGaming platform BC.GAME has signed a landmark $40 million deal to become the "Official…

5 months ago

Coinbase faces new lawsuit that claims SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ and XLM are securities

Coinbase crypto exchange and its CEO, Brian Armstrong, faces a new lawsuit that claims Solana,…

7 months ago

Service Beyond Gaming: The Support Experience at HugeWin

In the world of online gambling, the quality of customer service can make or break…

7 months ago

Bitcoin (BTC) Cycle: Aiming for $155,000 Peak by August 2025

Since its launch in 2009 Bitcoin has experienced several cycles characterized by bull and bear…

7 months ago

This website uses cookies.