Coinbase authorized to offer crypto futures in the United States
The cryptocurrency platform received authorization from the National Futures Association (NFA)
Crypto-asset exchange Coinbase announced that its subsidiary Coinbase Financial Markets has obtained, two years after filing the application, regulatory approval from the National Futures Association (NFA) to offer US clients access to crypto futures trading.
“We believe this is a defining moment to be able to bring regulated crypto products to US customers,” the platform stated, underlining its willingness to work with regulators to receive the necessary authorizations.
Coinbase will be the first crypto-native leader to directly offer traditional spot crypto trading alongside regulated and leveraged crypto futures, in one integrated trading solution for verified customers.
“This is a critical milestone that reaffirms our commitment to operate a regulated business and to be the most trusted and secure crypto-native platform for our customers,” the company added.
The global crypto derivatives market accounts for around 75% of crypto trading volume worldwide, Coinbase noted.
Last June, the United States Securities and Exchange Commission (SEC) denounced Coinbase for operating as an unregistered national stock exchange, broker, and clearing agency, in addition to also accusing the entity of not having registered its service of cryptoactives.
K. Tovar
Source: Cointelegraph
(Reference image source: PiggyBank, Unsplash)
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