Coin

<ul class="news-points"> 
 <li>Coinbase has secured regulatory approval to start a crypto derivative market in the US. </li> 
 <li>This approval allows Coinbase to operate as a registered Futures Commission Merchant. </li> 
 <li>Coinbase says the global crypto derivatives market accounts for 75% of crypto trading volume.</li> 
</ul> 
The U.S.-based <a href="https://coinedition.com/coinbase-exchange-review/" rel="noopener noreferrer nofollow">crypto exchange Coinbase</a> has secured regulatory approval to start a crypto derivative market for eligible Americans. 
In a recent tweet, Coinbase revealed that it received approval from the National Futures Association (NFA). The NFA is a designated self-regulatory organization under the Commodity Futures Trading Commission (CFTC). Under this license, Coinbase will operate as a registered Futures Commission Merchant (FCM). 
<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"> 
 The National Futures Association, a CFTC designated SRO, has approved Coinbase Financial Markets. as a registered Futures Commission Merchant . 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;">— 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" target="_blank" rel="noopener noreferrer nofollow">August 16, 2023</a> 
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
In the official statement, Coinbase detailed its journey towards this regulatory achievement. The firm said it began in September 2021 after applying to the NFA for FCM registration. Sinc… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/coinbase-starts-regulated-btc-and-eth-futures-contracts-to-u-s-client/">Coinbase Starts Regulated BTC and ETH Futures Contracts to U.S. Client</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Coinbase Starts Regulated BTC and ETH Futures Contracts to U.S. Client

Coin Edition

Other articles published on Aug 16, 2023

Binance Connect winds down, cites shift in market dynamics

Wanchain, the bridge that connects more and more blockchains

Why Has the Bitcoin Price Plunged? What’s the Reason for the Decline Below $29,000?

Axelar Foundation Introduces AXL Token for Cross-Chain Communication

Crypto Analyst’s 15-Minute Chart Strategy for Predicting Trend Reversals

Is A XRP ETF Next?

Join our free newsletter for daily crypto updates!