Coinbase has secured approval to offer cryptocurrency futures trading to US retail customers.
In brief:
-The exchange says it has been granted approval by the National Futures Association (NFA), a self-regulatory organisation designated by the CFTC, making it the first crypto-native platform to directly offer traditional spot crypto trading alongside leveraged crypto futures.
-Coinbase applied with the NFA nearly two years ago and says it has been working with regulators since
-The approval is regulatory win for Coinbase, which has been publicly locking horns with the SEC.
What does this mean?
Greg Tusar, VP, institutional products, Coinbase, writes in a blog: "We believe this is a watershed moment to be able to bring regulated crypto products to US customers."
