Coinbase cleared to offer crypto futures trading in the US

Coinbase, the largest cryptocurrency exchange in the U.S., has obtained regulatory approval to offer crypto futures trading services to eligible clients, from the National Futures Association, a self-regulatory organization designated by the Commodity Futures Trading Commission.

Fast facts

• Coinbase announced on Wednesday that it can now offer futures contracts in Bitcoin and Ether for eligible customers in the U.S., making it the first company to offer regulated and leveraged crypto futures along with spot crypto trading services in the country.
• The exchange’s subsidiary, Coinbase Financial Markets, received the approval to operate a Futures Commission Merchant, allowing the exchange to take orders to buy or sell futures or related options.
• The development comes two months after the U.S. Securities and Exchange Commission sued Coinbase for allegedly violating securities laws a day after the agency sued Binance, the world’s largest exchange, on similar charges.

Author profile

Zoltan Vardai

Zoltan is a writer at Forkast with a deep passion for storytelling and blockchain. Prior to joining the team, he worked as a marketing and content writer, focused on software and technology. Zoltan holds a master’s degree from the Ludwig Maximilian University of Munich and is interested in the future of global financial decentralization.

zoltan.vardai@forkast.studio @ZVardai

Editor profile

Yohan Yun

Yohan is an Assignment Editor at Forkast and has worked as an assistant reporter covering stories in Asia for media publications such as Bloomberg BNA and Forbes, on topics related to Korea-US FTA, technology, environment, 2017 tax legislation amendments.

yohan.yun@forkast.news @hyoseopyun Yohan Yun

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