Coinbase unveils crypto futures trading for eligible US traders
Coinbase Financial Markets has officially launched crypto futures trading for eligible US traders , following its approval to operate as a futures commission merchant by the National Futures Association. Coinbase Financial Markets has expanded its offerings by introducing crypto futures trading to eligible US traders. This move follows the company’s clearance to operate as a futures commission merchant by the National Futures Association in August. A futures contract represents a legal agreement to purchase or sell an asset at a predetermined price at a specified future date. For traders, futures offer a range of strategic benefits, including risk hedging, portfolio diversification, leveraged trading, and the ability to speculate on market directions. To access these crypto futures, US traders are required to utilize the Coinbase Advanced trading platform and possess a spot trading account with the exchange. The contracts are deliberately sized to accommodate retail trade...