Coinbase, the largest cryptocurrency exchange in the U.S., has obtained regulatory approval to offer crypto futures trading services to eligible customers in the U.S., the company said today.
Coinbase Financial Markets Inc. said that it has secured regulatory approval from the National Futures Association, a self-regulatory organization designated by the Commodity Futures Trading Commission, to operate as a futures commission merchant (FCM) and offer eligible U.S. customers access to crypto futures from its platforms.
In a statement shared with The Block, Greg Tusar, Coinbase’s vice president of institutional product, called the approval a “critical milestone” and said that the exchange is the “first crypto-native leader” to directly offer traditional spot crypto trading alongside regulated and leveraged crypto futures for verified customers.