Coinbase gets approval to offer access to futures trading in the US | financial markets

Crypto-asset exchange Coinbase has announced that its subsidiary Coinbase Financial Markets has, two years after filing the application, received regulatory approval from the National Futures Association (NFA) to provide US clients access to futures trading.

“We believe this is a critical moment to be able to offer regulated crypto products to US clients,” the platform stated, emphasizing its willingness to work with regulators to obtain the necessary licenses. Coinbase will be the first native cryptocurrency leader to directly offer traditional digital currency trading alongside regulated crypto futures and leverage, in a single integrated trading solution for authorized clients.

“This is an important milestone that reaffirms our commitment to running a regulated business and being the most reliable and secure native crypto platform for our customers,” the company added. Coinbase noted that the global cryptocurrency derivatives market accounts for about 75% of the worldwide cryptocurrency trading volume.

Last June, the US Securities and Exchange Commission (SEC) decried Coinbase for operating as an unregistered national exchange, broker, and clearing agency, in addition to accusing the entity of failing to register its services.

Follow all information for five days in FacebookAnd Twitter And linkedinor in Our newsletter Five days agenda