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HomeLatest NewsCoinbase Gets Clearance to Offer Crypto Futures in the US

Coinbase Gets Clearance to Offer Crypto Futures in the US

Date: July 12, 2024 Time: 22:39:49

Green light for Coinbase… two years later. The crypto asset exchange platform has announced that its subsidiary ‘Coinbase Financial Markets’ has obtained regulatory approval from the National Futures Association (NFA) to offer clients in the United States access to crypto futures trading. However, it has happened two years after submitting the application.

“We believe this is a defining moment to bring regulated crypto products to US customers,” the platform stated, underlining its willingness to collaborate 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.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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