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 <p class="is-style-lead">Coinbase Financial Markets has officially launched <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="futures" href="https://thebittimes.com/tag/futures.html">futures</a> <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> for <a rel="noopener noreferrer nofollow" title="eligible" href="https://thebittimes.com/tag/eligible.html">eligible</a> US <a rel="noopener noreferrer nofollow" title="traders" href="https://thebittimes.com/tag/traders.html">traders</a>, following its approval to operate as a <a rel="noopener noreferrer nofollow" title="futures" href="https://thebittimes.com/tag/futures.html">futures</a> commission merchant by the National Futures Association.</p>
 <p>Coinbase Financial Markets has expanded its offerings by introducing crypto futures trading to eligible US traders. This move follows the company’s clearance to operate as a futures commission merchant by the National Futures Association in August.</p>
 <p>A futures contract represents a legal agreement to purchase or sell an asset at a predetermined price at a specified future date. For traders, futures offer a range of strategic benefits, including risk hedging, portfolio diversification, leveraged trading, and the ability to speculate on market directions.</p>
 <p>To access these crypto futures, US traders are required to utilize the Coinbase Advanced trading platform and possess a spot trading account with the exchange. The contracts are deliberately sized to accommodate retail traders, with 1/100th of a Bitcoin (BTC) and 1/10th of Ethereum (ETH), ensuring lower initial capital requirements and rendering it a more accessible investment option.</p>
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 <p>The global crypto derivatives market constitutes approximately 75% of the global crypto trading volume. Coinbase’s foray into this domain has potential implications for the company’s revenue diversification, especially given the decline in spot trading volumes.</p>
 <p>Analysts from Compass Point Research and Trading and Owen Lau from Oppenheimer &amp; Co. have expressed optimism about the long-term benefits of this expansion, highlighting its potential to establish Coinbase as a leading futures provider in the US.</p>
 <p>This development occurs amidst Coinbase’s ongoing legal battle with the US SEC, which has charged the company with operating as an unregistered exchange, a claim that Coinbase contests. Prior to this US launch, Coinbase had extended perpetual futures trading to non-US institutional investors in May and to retail users outside the US in September.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-unveils-crypto-futures-trading-for-eligible-us-traders-tbt68706.html">https://thebittimes.com/coinbase-unveils-crypto-futures-trading-for-eligible-us-traders-tbt68706.html</a></p>

Coinbase unveils crypto futures trading for eligible US traders

TheBitTimes

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