Coinbase announced today that it has filed with the National Futures Association to become a registered futures commission merchant.
This indicates the exchange is seeking to move beyond mere spot trading—one asset for another—to the lucrative business of derivatives trading, in which people can bet on future prices.
Typical derivatives include futures and options contracts. Futures allow people to buy and sell contracts that establish the price of Bitcoin or another cryptocurrency on a specific date in the future. Think the price is going down? You can try to sell it for a higher price and pocket the difference. Options contracts work similarly, but allow traders the option to buy or sell at a predetermined price. Perpetual contracts—futures that don’t expire—are another popular iteration.
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
In the U.S., any business seeking to sell individuals must register with the Commodity Futures Trading Commission, the federal regulat
Źródło: https://decrypt.co/81022/coinbase-files-application-trade-crypto-futures
