Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Historic Nod from Regulators. Coinbase Secures Approval for Crypto Futures Trading
Regulatory News | Aug 16, 2023
Image: Unsplash/PiggyBank
Coinbase Global Inc., a leading cryptocurrency exchange, has secured the green light to offer crypto futures trading to its clientele.
A First in the U.S. Crypto Space
This monumental approval comes nearly two years after the company initially applied. The National Futures Association (NFA) has granted Coinbase Financial Markets the permission to operate as a Futures Commission Merchant (FCM). This role is pivotal as FCMs are responsible for buying or selling futures contracts, akin to market makers.
See: Coinbase’s CEO Speaks Out on the SEC’s Request to Delist Assets (Except Bitcoin)
With this approval, Coinbase has etched its name as the first crypto-centric platform in the U.S. to provide regulated and leveraged crypto futures alongside traditional spot trading. Andrew Sears, CEO of Coinbase Financial Markets, emphasized the significance of this move, stating, "Offering US investors access to secure and regulated crypto futures is key to unlocking growth and enabling broader participation in the crypto economy."
Positive Response and Future Outlook
Following the announcement, Coinbase's stock witnessed an uptick, opening over 4% higher. The company views this approval as an "important milestone," especially considering that approximately 75% of global crypto trading volume stems from the derivatives market. Furthermore, Coinbase remains committed to working with regulators, emphasizing its dedication to operating a regulated and compliant business.
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