Coinbase, a leading cryptocurrency exchange in the US, has announced that it will offer regulated crypto futures to its customers. This move comes despite an ongoing legal battle with the Securities and Exchange Commission (SEC). The new development will allow advanced users to trade futures contracts for Bitcoin and Ethereum. Futures trading enables investors to hedge risks and diversify their portfolios while speculating on market movements. Coinbase obtained licensing from the National Futures Association (NFA) earlier this year, allowing it to operate as a Futures Commission Merchant (FCM). The introduction of futures offerings by Coinbase coincides with the SEC’s lawsuit against the exchange, alleging violations of federal securities regulations. Coinbase has accused the SEC of attempting to expand its authority without congressional approval. However, the exchange remains committed to achieving regulatory clarity in the cryptocurrency industry and has actively engaged with Congress to advocate for favorable regulations.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	None
Companies	Coinbase, National Futures Association (NFA), SEC, CFTC, Congress
Currencies	Ethereum, Bitcoin
Securities	None