Coinbase files to offer the trade in cryptocurrency futures and derivatives-stock exchanges
Coinbase files to offer the trade in cryptocurrency futures and derivatives-stock exchanges
The Cryptocurrency Exchange Coinbase has made an application at the National Futures Association (NFA) to offer the trade with futures and derivatives on its platform. The stock exchange says that its new offers are aimed at "further expanding the crypto economy".
Coinbase registered to offer the trade in crypto futures and derivatives
Coinbase Global Inc. (Nasdaq: Coin) announced on Wednesday on Twitter that the National Future's Association (NFA) made an application for registration as a futures commission merchant (FCM). The exchange wrote:
This is the next step to expand our offer and offer futures and derivative trade on our platforms.
The stock exchange added that its goal was to "further expand crypto economy". The submission shows that the company is registered as Coinbase Financial Markets Inc.
crypto derivatives have become a huge market and most major crypto currency exchanges offer the trade with derivatives, including Binance, Okex, FTX, CME Group and Kraken.
in April, Coinbase had taken on a crypto data analysis company that specialized in the persecution of the derivative market.
Coinbase currently collects donations from edition of bonds . The company originally planned to output senior notes worth $ 1.5 billion. Due to the high interest rates, however, it increased the amount to $ 2 billion. Coinbase said it intends to use the net proceeds from the offer "for general corporate purposes, which can include continuous investments in product development as well as potential investments or acquisitions in other companies, products or technologies that Coinbase could identify in the future". . “
What do you think that Coinbase offers the trade in derivatives? Let us know in the comment area below.
Bedy verification : Shutterstock, Pixabay, Wiki Commons