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HomeCrypto NewsMarketCoinbase Receives Regulatory Approval to Offer BTC and ETH Futures to US Customers

Coinbase Receives Regulatory Approval to Offer BTC and ETH Futures to US Customers


Coinbase has received a regulatory license to commence offering BTC and ETH derivatives contracts to eligible users of its customer base.

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On Wednesday, Coinbase took to X to announce receiving approval from a self-regulatory organization under the Commodity Futures Trading Commission (CFTC). In particular, the exchange received clearance from the National Futures Association (NFA).

Coinbase Now Offers BTC and ETH Futures 

According to the update, the clearance allows Coinbase to begin offering Bitcoin (BTC) and Ethereum (ETH) futures contracts, particularly to its users in the United States. 

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Coinbase highlighted its belief that clear and transparent regulations are crucial to growing confidence in retail and institutional clients. The exchange stressed that securing this approval enables more US-based customers to participate in the booming crypto economy. 

Notably, Coinbase’s journey toward this license began two years ago. The exchange filed papers with the NFA to register as a Futures Commission Merchant (FCM). Throughout the period, Coinbase’s team collaborated with the US regulator to ensure avenues for customer protection were met.

After two years in pursuit, Coinbase has secured the needed clearance to offer crypto derivative products to qualified US clients. The exchange will carry out the regulated offering via Coinbase Financial Markets. Additionally, the service will work with its spot market under the supervision of the NFA and the CFTC.

Meanwhile, Coinbase highlighted that derivative markets account for around 75% of all crypto trading.

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The firm argued that futures contracts represented a crucial access point for most crypto-seeking people. According to the exchange, this situation birthed the need for US customers to partake in the growing crypto economy. 

The firm stated:

“Approval for US customers to access regulated crypto derivatives will allow more people to access the cryptoeconomy in the United States in a safe way that helps keep the US at the center of digital innovation.”

Notably, Coinbase previously acquired a regulated derivative platform called FairX. The platform now operates as Coinbase Derivatives Exchange. Coinbase stated the trading outlet is accessible to third-party vendors, market makers, and Futures Commission Merchants.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a blockchain writer with a specific interest in journalistic writing. He covers breaking events in the crypto community and blockchain industry. Over the past year, he has published over 1,500 short-form and long-form content for Web3 publishing firms.

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