Coinbase is aiming for approval for the futures trade

The company plans to offer investors various crypto derivatives.

COINBASE (NASDAQ :) has made an application for the futures trade, which indicates that investors will offer cryptocurrency derivatives.

Coinbase wants to sell crypto futures

The stock exchange announced today on Twitter (NYSE :)

tweet

The status of the application is currently listed as "outstanding" on the website of the supervisory authority.

Before that, Brett Tejpaul, Head of Institutional Sales, suggested that the company's offer "derivatives, futures, options, swaps, [and] structured products." Tejpaul made this statement during an interview with the crypto news page The Block.

Several other crypto exchanges already offer similar future trading functions, including Binance, FTX, Huobi, Kraken and Bitmex. Therefore, this function may not be surprising.

investors show interest

The message comes to the stock exchange months after the decision of Coinbase and offers traditional investors the opportunity to invest in the company.

It only comes to reports a few days after reports that the Coinbase junk bonds recorded great demand when the company sold $ 2 billion.

Despite his success, Coinbase is also confronted with possible measures by the US stock exchange supervisory authority SEC. The regulatory authority has threatened to sue the stock exchange for its stablecoin credit service.

It remains to be seen whether Coinbase can negotiate the rules around the futures trade more effectively.

Coinbase is currently the second largest cryptocurrency exchange according to volume and reported a volume of $ 4.4 billion last day.