Coinbase says the exchange received regulatory approval from the CFTC-backed National Futures Association to offer futures trading services to eligible US users
a ‘watershed moment’—as decision on Grayscale spot Bitcoin ETF looms Emily Tonelli / Crypto Briefing : Coinbase Steps Up, Securing Approval for Listing US Crypto Futures Trading Mutuma Maxwell / Cryptopolitan : Coinbase secures regulatory approval to offer crypto futures trading in the US JD Alois / Crowdfund Insider : Coinbase Approved for Regulated Crypto Futures in the US Qadir AK / Coinpedia Fintech News : Coinbase Introduces Regulated Crypto Futures Trading Nickie Louise / Tech Startups : Coinbase wins approval to offer cryptocurrency futures to U.S. retail customers Nik Asti / Metaverse Post : Coinbase Financial Markets Launches US Regulated Crypto Futures Trading Olga Kharif / Bloomberg : Coinbase Wins Approval to Sell Crypto Futures in US Rony Roy / crypto.news : Coinbase gets approval to offer crypto futures in US Finextra : Coinbase gets green light to list crypto futures in US Aditya Anand / Ethereum World News : Coinbase Secures Regulatory Approval To Offer Crypto Futures, Stock Soars 5% X: @brian_armstrong : Major moment for crypto regulatory clarity in the U.S. This has been a multi-year process toward approval, and we're excited to finally be launching federally regulated crypto derivatives with margin to our U.S. customers. When there is a clear path to register, we do. @coinbase : This is a significant milestone for bringing federal regulatory oversight over the crypto markets that protects consumers and helps ensure the US remains a center for digital innovation. https://coinbase.com/... @perkinscr97 : The NFA approved @Coinbase Financial Markets as a registered Futures Commission Merchant (FCM). As someone who previously led one of the largest FCMs in the world, this is why it is a big deal: @runnerxbt : Coinbase to offer crypto futures > probably institutions only first > saylor goes full tard long his mega position > we liquidate saylor > liquidation cascade so big that we all shid our pants > we buy with whatever we have left > new bullrun @theflowhorse : I am curious as to what kind of futures product Coinbase offers. Is it going to just be a front month perp type product, or will multiple expiry linear futures be integrated as well? This could be important since further out CME tenors are thin and often jacked into contango... @coinbase : The National Futures Association, a CFTC designated SRO, has approved Coinbase Financial Markets. as a registered Futures Commission Merchant . Coinbase can now offer futures contracts in BTC and ETH to eligible customers in the US.👇 @iampaulgrewal : This moment was years in the making. It's is a testament to Coinbase's unwavering commitment to safeguard our customers. Put simply, at every juncture, Coinbase has invested the time and diligence required to align with regulators actually interested in ... regulating. 1/3 @faryarshirzad : This is a huge milestone for @coinbase as we continue to work toward creating an open financial system that expands the utility and adoption of crypto. 1/5 Hal Press / @northrocklp : Good chance this solves the last remaining issue for BTC spot ETF approval, Coinbase is no longer an unregulated exchange. @arthurb : Congratulations to Coinbase, and a good reminder that the repeated attempts to portray Coinbase as cowboys unwilling to follow regulatory approval processes are made in bad faith. @metalawman : NFA approval means @Coinbase gets a license to operate as a Futures Commission Merchant (FCM). There's a clear rule book spelling out the requirements for an FCM license. Would be nice if there was a rule book for getting a license to offer crypto assets in the spot market. Todd Phillips / @tphillips : I'm not concerned about Coinbase having an FCM so much as I am about the fact that it also controls the exchange (and presumably the clearinghouse). If Coinbase wants to prop-trade against customers, this is how it can do it. 1/ @defisurfer808 : Seems like a pretty big deal. Opens up crypto derivatives for US retail customers. “The global crypto derivatives market represents ~75% of crypto trading volume worldwide” LinkedIn: Paul Grewal : We are approved! BTC and ETH futures contracts for US customers are on the way. When regulators regulate, consumers and investors are protected, and good things happen. https://lnkd.in/... Forums: r/ethtrader : Coinbase secures FCM Approval to bring regulated crypto futures trading to eligible US customers r/CryptoCurrency : Coinbase obtains regulatory approval to offer crypto futures trading to eligible clients