{"id":137803,"date":"2023-09-02T05:03:51","date_gmt":"2023-09-01T23:33:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=137803"},"modified":"2023-09-02T05:03:51","modified_gmt":"2023-09-01T23:33:51","slug":"coinbase-wins-nfa-approval-to-offer-bitcoin-and-ether-futures-in-us-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/coinbase-wins-nfa-approval-to-offer-bitcoin-and-ether-futures-in-us-crypto-news\/","title":{"rendered":"Coinbase wins NFA approval to offer Bitcoin and Ether futures in US – Crypto News"},"content":{"rendered":"
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Cryptocurrency exchange Coinbase has obtained approval from the National Futures Association (NFA) to offer investments in crypto futures to eligible customers in the United States.<\/p>\n

Announcing the news on Aug. 16, Coinbase noted<\/a> that the company is now officially allowed to operate a Futures Commission Merchant (FCM) platform.<\/p>\n

The approval enables Coinbase to introduce Bitcoin (BTC<\/a>) and Ether (ETH<\/a>) futures contracts through its Commodity Futures Trading Commission (CFTC)-regulated derivatives exchange.<\/p>\n

\u201cThis is a critical milestone that reaffirms our commitment to operate a regulated and compliant business and be the most trusted and secure crypto-native platform for our customers,\u201d Coinbase said in the statement.<\/p>\n

According to a notice on a web page of Coinbase\u2019s cryptocurrency futures, the new futures trading service isn\u2019t immediately available in the United States.<\/p>\n

\u201cU.S. regulated futures trading is coming soon. Sign up to join the waitlist and get early access,\u201d the company said<\/a> on the website.<\/p>\n

In the announcement, Coinbase claimed that the global crypto derivatives market accounts for 75% of crypto trading volume worldwide. \u201cThe ability to trade using margin gives customers leverage and access to the crypto market with less upfront investment than traditional spot trading,\u201d the firm added.<\/p>\n

Related: <\/em><\/strong>Legal scholars file amicus brief in support of Coinbase<\/em><\/strong><\/a><\/p>\n

As previously reported, Coinbase officially announced plans to launch BTC and ETH futures<\/a> trading for institutional investors in early June. Previously, Coinbase also planned to launch a derivatives exchange in Bermuda, marking a step in its global expansion strategy.<\/p>\n

The news comes amid Coinbase\u2019s ongoing legal battle against the United States Securities and Exchange Commission. The regulator filed a lawsuit against Coinbase<\/a> in early June, alleging that the exchange violated local securities laws by selling unregistered securities.<\/p>\n

Magazine: <\/em><\/strong>Big Questions: Did the NSA create Bitcoin?<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrency exchange Coinbase has obtained approval from the National Futures Association (NFA) to offer investments in crypto futures to eligible customers in the United States. Announcing the news on Aug. 16, Coinbase noted that the company is now officially allowed to operate a Futures Commission Merchant (FCM) platform. The approval enables Coinbase to introduce Bitcoin […]<\/p>\n","protected":false},"author":2,"featured_media":137804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-137803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=137803"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137803\/revisions"}],"predecessor-version":[{"id":148299,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137803\/revisions\/148299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/137804"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=137803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=137803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=137803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}