Stablecoin

United

Bitcoin

Read

TRUST

<ul> 
 <li>PayPal UK halts crypto purchases due to UK financial regulations from October 2023 to early 2024.</li> 
 <li>Coinbase approved for regulated crypto futures, expanding market access for US customers.</li> 
 <li>Coinbase Derivatives Exchange excels with nano futures, high liquidity, and secure trading options.</li> 
</ul> 
<p>Due to regulatory compliance, PayPal suspends UK crypto purchases from October 2023 to early 2024. Meanwhile, Coinbase secures approval for regulated US crypto futures, expanding market access.</p> 
<p>PayPal’s decision arises from the need to comply with stringent financial regulations in the United Kingdom, as new rules demand adherence before allowing users to engage in crypto transactions. During this period, PayPal UK customers won’t be able to purchase cryptocurrencies. However, they can still hold and sell their current holdings without charges.</p> 
<p>On the other side of the Atlantic, Coinbase, a leading crypto exchange, has achieved a monumental milestone by securing approval to offer regulated crypto futures trading to eligible customers in the United States. The Commodity Futures Trading Commission (CFTC) approval allows Coinbase’s Financial Markets division to offer derivatives alongside their spot market, democratizing crypto trading with regulatory oversight.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">The National Futures Association, a CFTC designated SRO, has approved Coinbase Financial Markets. as a registered Futures Commission Merchant .<br><br>Coinbase can now offer futures contracts in BTC and ETH to eligible customers in the US.<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— Coinbase 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@coinbase) <a href="https://twitter.com/coinbase/status/1691751814004175204?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 16, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Coinbase’s efforts to establish a transparent and secure marketplace have been evident through the success of its Coinbase Derivatives Exchange. This platform has flourished with the introduction of nano Bitcoin and Ethereum futures contracts, catering to retail and institutional investors. The exchange’s substantial liquidity pool, currently boasting $4.7 billion BTC and $2.0 billion ETH futures traded in notional volume, underlines its position as a trusted and reliable market.</p> 
<p>While the cryptocurrency market undergoes ongoing changes, the divergent developments of PayPal and Coinbase highlight the worldwide trend toward adhering to regulations and fostering innovation.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/paypals-stablecoin-could-push-bitcoin-to-250000/" rel="noopener noreferrer nofollow">PayPal’s Stablecoin Could Push Bitcoin to $250,000 and Ethereum to 10x Growth</a></li> 
 <li><a href="https://cryptonewsland.com/how-is-ripplenet-going-to-be-a-threat-to-paypal/" rel="noopener noreferrer nofollow">How Is RippleNet Going To Be a Threat to PayPal?</a></li> 
 <li><a href="https://cryptonewsland.com/paypals-stock-dumps-as-banking-regulators-warn-on-stablecoin-issuance/" rel="noopener noreferrer nofollow">PayPal’s Stock Dumps as Banking Regulators Warn on Stablecoin Issuance</a></li> 
 <li><a href="https://cryptonewsland.com/paypal-joins-the-trust-network-at-coinbase/" rel="noopener noreferrer nofollow">PayPal Joins the TRUST Network at Coinbase</a></li> 
 <li><a href="https://cryptonewsland.com/paypal-crypto-holdings-venmo-effect/" rel="noopener noreferrer nofollow">PayPal’s Crypto Holdings Surge with Venmo’s Crypto Feature</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/paypal-halts-uk-crypto-purchases-coinbase-okd-for-us-regulated-crypto-futures/">PayPal Halts UK Crypto Purchases, Coinbase OK’d for US Regulated Crypto Futures</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

PayPal Halts UK Crypto Purchases, Coinbase OK’d for US Regulated Crypto Futures

Crypto News Land

Other articles published on Aug 16, 2023

TrueCoin attestations missing but Archblock launches new product

Maker (MKR) Technical Indicators Suggest A Possible Price Drop

WEDNEWSDAY! $2.8M is kept in Donald Trump’s Ethereum Wallet!

PayPal announces halt on UK crypto purchases

The Fed Diperkirakan Baru Pangkas Suku Bunga Tahun Depan

The Most Interesting Hack Event of the Last Period Happened: 'The Hacker First Stole, Then He Rel...

Join our free newsletter for daily crypto updates!