- Coinbase (NASDAQ:COIN) has secured regulatory approval to start a crypto derivative market in the US.
- This approval allows Coinbase to operate as a registered Futures Commission Merchant.
- Coinbase says the global crypto derivatives market accounts for 75% of crypto trading volume.
The U.S.-based crypto exchange Coinbase has secured regulatory approval to start a crypto derivative market for eligible Americans.
In a recent tweet, Coinbase revealed that it received approval from the National Futures Association (NFA). The NFA is a designated self-regulatory organization under the Commodity Futures Trading Commission (CFTC). Under this license, Coinbase will operate as a registered Futures Commission Merchant (FCM).
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.