16.08.2023

Coinbase To Launch Crypto Futures After Approval

The Coinbase cryptocurrency exchange was able to issue a license from the FCM and CFTC regulators. Thanks to this, the platform will be able to give access to trading in cryptocurrency futures. However, this will only be possible for unique American customers.

What else has become known


A subsidiary of the crypto exchange Financial Markets was able to obtain a license from the national futures Association, which was authorized by the regulator.


The vice president of the crypto exchange, who is responsible for institutional products, said that this was a critical step for the platform. The top manager evaluated the cryptocurrencies. According to him, they make up 75% of the turnover of cryptocurrencies.


He added that the ability to conduct transactions using leverage will require users to have a much lower entry threshold when compared with conventional spot trading. Clients will also be able to use tools that manage risks when trading basic cryptocurrency assets.


Recall that the site sent an application for a license almost two years ago. Last year, FairX bought the site. This is a platform regulated by the CFTC. It works with cryptocurrencies.

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