Coinbase Obtains Approval to Offer Crypto Futures Trading in US

Coinbase, a US-based crypto exchange, announced that it has secured approval from the National Futures Association (NFA), making it the first crypto-native platform that directly offers traditional spot crypto trading alongside regulated and leveraged crypto futures.

Coinbase filed an application with the NFA, a self-regulatory organization designated by the US Commodity Futures Trading Commission (CFTC), to register a Futures Commission Merchant (FCM) in September 2021.

Coinbase stated in the latest announcement: "At Coinbase, we believe regulation and transparency are critical and build confidence for individual customers and institutions. Access to a CFTC-regulated crypto derivatives market is essential to unlocking significant growth and enabling broader participation in the cryptoeconomy."

The company further explained: "Coinbase chose to become a public company in the US because we believe the US would best be served by embracing the cryptoeconomy and would offer the regulatory framework with the highest standards in consumer protection."

Earlier this week, the crypto exchange also announced its official launch in Canada​, targeting the country as its next Go Deep Markett, as it had considered moving away from the US if the regulatory environment did not become clearer.