Coinbase Files Application to Trade Crypto Futures
Coinbase announced today that it has filed with the National Futures Association to become a registered futures commission merchant. The NFA is the "self-regulatory organization for the U.S. derivatives industry."
This indicates the exchange is seeking to move beyond mere spot trading—one asset for another—to derivatives trading, in which people can bet on future prices.
Today, Coinbase filed an application with the NFA to register as an FCM → Futures Commission Merchant. This is the next step to broaden our offerings and offer futures and derivatives trading on our platforms. 👉 Goal: Further grow the cryptoeconomy.— Coinbase (@coinbase) September 15, 2021
This news is breaking and the article will be updated.Source