Coinbase Launches Regulated Crypto Futures Trading in U.S.

Von | 17. August 2023


  • Coinbase Financial Markets has secured approval from the National Futures Association to offer crypto futures trading in the U.S.
  • Coinbase is expanding its presence in Canada through a collaboration with Peoples Trust Company.
  • Coinbase is currently embroiled in a legal battle with the U.S. SEC.

Coinbase Financial Markets Launches Regulated Crypto Futures Trading

Coinbase Financial Markets, a CFTC-registered futures commission merchant, has secured approval from the National Futures Association to function as a Futures Commission Merchant (FCM). This is more than just a legal nod; it is a defining moment that underscores Coinbase’s commitment to creating a regulated and transparent crypto economy. With this approval, Coinbase can now offer futures contracts in BTC and ETH to eligible customers in the US. The goal of this move is to make access to the crypto economy easier and boost the U.S.’s position in the global digital innovation landscape.

Expansion into Canada

To further expand its reach, Coinbase recently announced its collaboration with Peoples Trust Company in Canada. This partnership will allow Canadian users more seamless access to Interac e-Transfers for their transactions with Coinbase. As one of its international markets, Canada holds special importance for Coinbase, being the second-most crypto-aware country behind only Switzerland.

Legal Battle With SEC

Coinbase is currently engaged in an ongoing legal battle against the U.S Securities and Exchange Commission (SEC). The exchange filed a motion to dismiss the lawsuit brought against them by SEC, arguing that cryptocurrencies do not fall under their purview as securities investments . Senator Cynthia Lummis has also submitted an amicus brief supporting dismissal of charges against Coinbase on similar grounds .

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