Coinbase launches regulated crypto futures services for US retail traders

Coinbase Advanced allows retail traders successful the United States entree to regulated crypto futures contracts 4 months aft Coinbase Financial Markets (CFM) secured support to run a Futures Commission Merchant (FCM) entity.

On Aug. 17, CFM secured regulatory support from the National Futures Association (NFA), a Commodity Futures Trading Commission-designated self-regulatory organization, to run an FCM and connection crypto futures services to eligible U.S. traders.

In details shared with Cointelegraph, CFM revealed that Coinbase Advanced customers successful the U.S. tin commercialized nano-sized futures contracts sized astatine 1/100th of 1 Bitcoin (BTC) and 1/10th of 1 Ether (ETH). As explained by Andrew Sears, the CEO of CFM:

“These contracts connection little upfront superior requirements and tin beryllium an affordable concern enactment for a broader scope of retail customers.”

The nano-Ether declaration allows participants to negociate risk, commercialized connected borderline oregon speculate connected the terms of Ether. The nano-Bitcoin declaration allows users to stake connected the aboriginal terms of BTC.

In summation to providing regulated, leveraged and cash-settled crypto futures, users volition beryllium provided entree to a room of acquisition contented via Coinbase Learn. U.S. residents with an progressive Coinbase relationship for spot trading are eligible to make an FCM futures account.

The services person been launched connected the web mentation and volition soon beryllium disposable connected mobile devices.

Related: Coinbase hoses down rumors of play withdrawal limits connected Bitcoin

Coinbase’s determination to motorboat crypto futures services seemed earthy arsenic the speech witnessed a sharp diminution successful spot trading volume this twelvemonth compared to 2022.

An investigation from integer plus information supplier CCData showed that Coinbase registered astir $76 cardinal successful spot trading measurement — a 52% driblet successful spot trading for Q3 2023 compared to the aforesaid play successful 2022.

Crypto speech Coinbase spot trading measurement successful billions of dollars. Source: Bloomberg

Despite the diminution successful spot trading volume, Coinbase gained marketplace stock successful the past 4th arsenic crypto speech Binance came nether accrued scrutiny from regulators.

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