top of page

🌟Subscribe to us and enjoy an ad-free reading experience📚

Thanks for submitting!

  • Writer's picturemicropapa68

Coinbase Gets NFA Approval to Offer Cryptocurrency Futures 💰✨ - 80% Market Share Leader 🎉


Leading cryptocurrency platform Coinbase Global recently achieved a major regulatory milestone. On August 18, 2023, the company received approval from the National Futures Association (NFA) to offer cryptocurrency futures to U.S. retail clients, expanding its services beyond institutional clients. The high-profile approval follows a rigorous process that has lasted nearly two years since the company filed with the NFA.


The move would give Coinbase an edge in the cryptocurrency derivatives market, which accounts for about 80 percent of the entire cryptocurrency market. Notably, global cryptocurrency derivatives trading volume reached a staggering $1.85 trillion in July. While celebrating the momentous achievement, Coinbase CEO Brian Armstrong also took the opportunity to voice his criticism of the SEC's current approach to regulating cryptocurrencies.


However, the NFA’s approval comes amid the SEC’s lawsuit against Coinbase. This situation has sparked discussion and debate about whether the NFA and SEC's regulatory positions are aligned or possibly divergent.


In summary, Coinbase's NFA approval not only demonstrates its commitment to regulated and secure operations, but also lays the groundwork for further exploration and potential growth in the crypto derivatives market. Industry stakeholders and investors will be keeping a close eye on ongoing developments, especially the SEC's stance.


 

Investment risk statement:


Please be aware that investing is inherently risky and you may suffer a loss of some or all of your capital. We cannot guarantee the performance of investment products or strategies and past performance is not indicative of future results. Investment decisions should be made based on your personal financial situation, investment objectives, risk tolerance and other factors, and you may need to seek advice from a professional financial advisor. You should understand and accept that this channel and website are not responsible for any loss caused by investment.


Keep in mind that investing in assets such as stocks, bonds, funds, futures, derivatives, cryptocurrencies, etc. may result in a loss of your principal. Various factors, including but not limited to market fluctuations, economic environment, changes in policies and regulations, interest rates, inflation, financial conditions and management levels of enterprises, etc. may have an impact on investment. These risks cannot be ignored at any time.


We recommend that you read relevant investment product information before investing, including but not limited to product brochures, prospectuses, etc., to understand its investment strategy, income target, risk level, etc. Please ensure that you understand and accept the risks of investment products and seek professional investment advice if necessary. Investment needs to be cautious.

4 views0 comments

Comentarios


bottom of page