Coinbase Set to Unlock Global Crypto Derivatives for U.S. Traders

Coinbase receives CFTC approval to offer global cryptocurrency derivatives in the US.
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This Friday, the exchange Coinbase announced that it has obtained approval from the US Commodity Futures Trading Commission (CFTC) to operate as a Futures Commission Merchant (FCM). It is a historic achievement that makes the platform the first US entity authorized to offer global cryptocurrency options and perpetual futures directly to its local clients.

This strategic development allows institutional investors in the United States to access the world’s largest derivatives markets under a fully regulated framework. Regarding this, Brian Armstrong, CEO of Coinbase, said that this measure corrects a historical exclusion, as previous regulatory restrictions left North American traders out of 80% of the global crypto derivatives market, which was dominated by foreign platforms.

In the short term, Coinbase already offers access to global options through its integration with Deribit. The company’s next step involves expanding its catalog with new types of collateral and perpetual futures products to consolidate institutional adoption in the country.


Source: https://x.com/coinbase/status/2060363356880384499


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