{"id":137808,"date":"2023-09-02T05:00:53","date_gmt":"2023-09-01T23:30:53","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=137808"},"modified":"2023-09-02T05:00:53","modified_gmt":"2023-09-01T23:30:53","slug":"coinbase-receives-approval-for-regulated-crypto-futures-trading-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/coinbase-receives-approval-for-regulated-crypto-futures-trading-crypto-news\/","title":{"rendered":"Coinbase Receives Approval For Regulated Crypto Futures Trading – Crypto News"},"content":{"rendered":"

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Crypto exchange Coinbase\u2019s CFTC-registered futures commission merchant Coinbase Financial Markets<\/strong> has received regulatory approval from the US CFTC\u2019s National Futures Association<\/strong> to offer crypto futures trading to eligible customers in the US. It is a major milestone for Coinbase and the crypto community amid a lawsuit by the US SEC.<\/p>\n

Coinbase To Offer Regulated Crypto Futures Trading in the US<\/h2>\n

Coinbase Financial Markets secured regulatory approval from the National Futures Association to operate as a Futures Commission Merchant (FCM). It will make Coinbase to directly offer crypto futures trading to its customers in the U.S., according to an official blog post<\/a> on August 16.<\/p>\n

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\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<\/p>\n<\/blockquote>\n

Coinbase filed an FCM registration application with the NFA in September 2021. The crypto exchange has worked with the regulators to comply with all CFTC\u2019s regulations and customer protection requirements. The company plans to work with regulators to receive approvals for its products to advance economic freedom. Also, it supports building the most trusted and secure products and services.<\/p>\n

US customers can now access regulated derivatives products through Coinbase Financial Markets. Coinbase becomes the first exchange to offer traditional spot crypto trading alongside regulated and leveraged crypto futures.<\/p>\n

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It will help increase crypto adoption in the US, making people access cryptoeconomy in a safe way. Also, it helps keep the US at the center of digital innovation.<\/p>\n

Also Read: Here\u2019s Why Terra Classic (LUNC) and Terra (LUNA) Prices Fell 10%<\/a><\/strong><\/p>\n

Coinbase Grows Despite US SEC Lawsuit<\/h2>\n

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Last week, Coinbase expanded to Canada<\/a> through a partnership with Peoples Trust Company to provide access to the Interac e-Transfers to its users in the country. The exchange also plans to expand deeply in the country as it\u2019s the second-most crypto-aware country for Coinbase\u2019s international markets.<\/p>\n

Coinbase filed a motion to\u00a0dismiss the US SEC lawsuit<\/a>\u00a0alleging that the regulator acts outside its oversight border and crypto doesn\u2019t fall under SEC oversight. Senator\u00a0Cynthia Lummis submitted<\/a>\u00a0an amicus brief in favor of the Coinbase vs SEC lawsuit dismissal.<\/p>\n

COIN stock price<\/a> skyrockets 6.39% to $84.24 in pre-market hours. COIN prices recently started falling after the second quarter results.<\/p>\n

Also Read: Judge Torres Approves Investment Banker Declarant In Ripple Vs SEC<\/a><\/strong><\/p>\n

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Crypto exchange Coinbase\u2019s CFTC-registered futures commission merchant Coinbase Financial Markets has received regulatory approval from the US CFTC\u2019s National Futures Association to offer crypto futures trading to eligible customers in the US. It is a major milestone for Coinbase and the crypto community amid a lawsuit by the US SEC. Coinbase To Offer Regulated Crypto […]<\/p>\n","protected":false},"author":2,"featured_media":137809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-137808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137808","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=137808"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137808\/revisions"}],"predecessor-version":[{"id":148293,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137808\/revisions\/148293"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/137809"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=137808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=137808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=137808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}