Markets News Report
August 16, 2023

Coinbase Financial Markets Launches US Regulated Crypto Futures Trading

In Brief

Coinbase Financial Markets, Inc. has secured regulatory approval from the 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 Financial Markets, has obtained regulatory approval to offer crypto futures trading to eligible US customers.

As the crypto market continues to mature and evolve, regulatory endorsements of this magnitude can be pivotal for the overall growth and integration of the crypto-economy into mainstream financial systems.

The National Futures Association (NFA), an organization designated by the Commodity Futures Trading Commission (CFTC) for self-regulation, has given Coinbase the nod to function as a Futures Commission Merchant (FCM).

Coinbase said that it has received regulatory compliance and now combines traditional spot crypto trading with regulated, leveraged crypto futures.

A Step Towards Transparent Crypto Trading

According to Greg Tusar  VP of Institutional Product for Coinbase, the companycurrently dedicates its focus towards clarity and regulation.  Tusar claims that clear regulations can boost confidence for both individual and institutional investors.

Access to a CFTC-regulated crypto derivatives market is essential to unlocking significant growth and enabling broader participation in the cryptoeconomy. 

said Coinbase’s Tusar.

In September 2021, Coinbase initiated its process with the NFA to register as an FCM. Thecompany has since collaborated with regulators to align with the CFTC‘s standards and customer protection mandates. Coinbase’s decision to become a public entity in the US indicates their strong perspective on the US’s role in the global crypto-economy and consumer protection standards.

What This Means for the US Crypto Economy

The company has currently aligned its products with its stated objectives in the US cryptocurrency sector.

Following the regulatory approval, a wider portion of the US population  will have access to the crypto-economy, potentially strengthening the US’s role in digital innovation.

Many speculate that the move might also pave the way for other companies to explore similar avenues, fostering a more competitive and diverse digital ecosystem in the country.

With the FCM’s green light, Coinbase Financial Markets is now positioned to offer cryptocurrency futures trading to its US clientele. This regulatory decision establishes a precedent, potentially guiding other organizations considering the launch of cryptocurrency futures trading.

Read more:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

More articles
Nik Asti
Nik Asti

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

Hot Stories

Top Investment Projects of the Week 25-29.03

by Viktoriia Palchik
March 29, 2024
Join Our Newsletter.
Latest News

Top Investment Projects of the Week 25-29.03

by Viktoriia Palchik
March 29, 2024

Supply and Demand Zones

Cryptocurrency, like any other currency, is a financial instrument based on the fundamental economic principles of supply ...

Know More

Top 10 Crypto Wallets in 2024

With the current fast-growing crypto market, the significance of reliable and secure wallet solutions cannot be emphasized ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Modular Blockchain Sophon Raises $10M Funding from Paper Ventures and Maven11 Amid Veil of Mystery
Business News Report
Modular Blockchain Sophon Raises $10M Funding from Paper Ventures and Maven11 Amid Veil of Mystery
March 29, 2024
Arbitrum Foundation Announces Third Phase Of Grants Program, Opens Applications From April 15th
News Report Technology
Arbitrum Foundation Announces Third Phase Of Grants Program, Opens Applications From April 15th
March 29, 2024
Vitalik Buterin Advocates For Memecoins’ Potential In Crypto Sector, Favors ‘Good Memecoins’
News Report Technology
Vitalik Buterin Advocates For Memecoins’ Potential In Crypto Sector, Favors ‘Good Memecoins’
March 29, 2024
Palm Network’s Governance Gala at NFTNYC Promises a Blockchain Renaissance While Making Decentralised Dreams Come True
Business News Report
Palm Network’s Governance Gala at NFTNYC Promises a Blockchain Renaissance While Making Decentralised Dreams Come True
March 29, 2024