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Coinbase has launched its regulated crypto futures trading to Coinbase Advanced customers in the United States. In August, Coinbase Financial Market (CFM) obtained approval to offer such services from the National Futures Association (NFA).
On Wednesday, Coinbase announced that its regulated crypto futures service is now available to eligible customers in the US. Coinbase Financial Markets (CFM) obtained regulatory approval to offer futures trading to retail customers in the US and became the first crypto-native leader to offer access to such services. Through CFM, Coinbase will provide federally regulated crypto futures contracts to select customers in the country.
Coinbase applied to register as a Futures Commission Merchant with the NFA in 2021 and has worked closely with regulators to ensure its compliance.
“In September of 2021, we filed an application with the NFA to register an FCM. Our team has worked with regulators since then to ensure we will comply with all the necessary regulations and that our FCM’s business model meets the CFTC’s customer protection requirements,” the exchange said.
Traders can Access Nano-Sized Futures Contracts
In a blog post announcing the news, Coinbase said:
“CFM is pleased to announce that Coinbase Advanced customers in the US can now access regulated crypto futures contracts. These futures contracts are specifically sized for retail traders, at 1/100th of a Bitcoin and 1/10th of an Ethereum.”
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Author: Jana Serfontein
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