Coinbase Wins Approval to Sell Crypto Futures in US (1)

Coinbase Global Inc. has gained approval to sell cryptocurrency derivatives directly to retail consumers in the US.

Coinbase Financial Markets Inc., a subsidiary of the US’s biggest crypto exchange, has secured approval from the National Futures Association to operate a Futures Commission Merchant and offer access to crypto futures. The offering will launch within weeks, according to a company spokesperson.

Coinbase has been working on the derivatives push for some time. It applied for the NFA approval almost two years ago. In early 2022, it bought futures exchange FairX, which was already registered with US regulators. Renamed Coinbase Derivatives Exchange, ...