1οΈβ£ Coinbase, a popular cryptocurrency exchange, has received approval from the National Futures Association (NFA) to offer #crypto futures trading to eligible customers in the US.
3οΈβ£ Coinbase mentioned that this is an important step for them to run a regulated and compliant business, aiming to be a secure platform for customers interested in #crypto trading.
4οΈβ£ While Coinbase is now authorized for #crypto futures trading, the service won't be immediately available in the US.
π Interested individuals can sign up for a waitlist to get early access once it launches.
π Interested individuals can sign up for a waitlist to get early access once it launches.
5οΈβ£ Coinbase highlighted that the global #crypto derivatives market makes up a significant portion (about 75%) of crypto trading worldwide.
π Trading futures provides leverage and easier entry into the market compared to traditional spot trading.
π Trading futures provides leverage and easier entry into the market compared to traditional spot trading.
7οΈβ£ It's important to note that this news comes amid Coinbase's ongoing legal battle with the US Securities and Exchange Commission (SEC), which filed a lawsuit against Coinbase alleging violation of local securities laws by selling unregistered securities.
8οΈβ£ Overall, Coinbase's approval to offer #crypto futures trading showcases its commitment to regulated operations and its expansion into the growing market of cryptocurrency derivatives.
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