Coinbase Financial Markets has secured regulatory approval from the National Futures Association (NFA) to operate a futures commission merchant (FCM) and offer eligible US customers access to crypto futures from its platforms.
Coinbase will become the first crypto-native platform to offer traditional spot crypto trading directly, alongside regulated and leveraged crypto futures on an integrated trading solution for verified customers.
According to Coinbase, the move is a critical milestone which reaffirms its commitment to operate a regulated and compliant business, alongside positioning itself as a secure crypto-native platform for its customers.
In addition, the firm stated that approval for US customers to access regulated crypto derivatives will allow more people to access the cryptoeconomy in a safe way that helps keep the US at the centre of digital innovation.
“At Coinbase, we believe regulation and transparency are critical and build confidence for individual customers and institutions,” said Greg Tusar, vice president of institutional product at Coinbase, in a blog announcing the regulatory approval.
“Access to a CFTC-regulated crypto derivatives market is essential to unlocking significant growth and enabling broader participation in the cryptoeconomy.”