Coinbase's Approval for Crypto Futures Marks a Significant Victory in the Battle for Cryptocurrency
Coinbase has received approval from the National Futures Association (NFA) to operate a Futures Commission Merchant (FCM) platform, allowing the exchange to offer crypto futures to U.S. retail customers. This regulatory victory is seen as significant for Coinbase and the crypto industry, especially as the U.S. Securities and Exchange Commission (SEC) has accused Coinbase of avoiding registration. The approval positions Coinbase alongside traditional finance firms and expands its addressable market, tapping into the global crypto derivatives market. Coinbase shares dropped slightly on the news but have seen a significant increase this year.