Coinbase International Exchange Granted Regulatory Approval for Perpetual Futures Trading
Coinbase International Exchange has received regulatory approval from Bermuda's financial regulator to enable eligible non-US retail customers to trade perpetual futures contracts. The exchange plans to offer perpetual futures trading on Coinbase Advanced in the coming weeks.
Posted 10 months ago in Exchanges
The Coinbase International Exchange has received regulatory approval from Bermuda's financial regulator to allow eligible non-US retail customers to trade perpetual futures, the company announced in a blog post on Thursday.
Thanks to the Bermuda Monetary Authority (BMA), eligible customers will soon have access to perpetual futures contracts on Coinbase Advanced. Perpetual futures contracts are a type of derivative market that do not have an expiry date.
The announcement comes as part of Coinbase's global expansion plans, which were unveiled in May of this year. As part of this expansion, the exchange has already listed BTC and ETH perpetual futures contracts.
In a blog post, Coinbase stated, "As announced in Phase II of our 'Go Broad, Go Deep' strategy, we are dedicated to partnering with high-bar global regulators to build a crypto regulatory framework that allows crypto technology to continually drive innovation."
This latest development follows Coinbase's recent regulatory approval elsewhere in the US, despite facing scrutiny from the Securities and Exchange Commission (SEC).
Edited by Oliver Knight.
Last updated 9/29/2023, 2:43:18 PM
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