Coinbase wins approval to offer crypto futures in the US

Play New York CNN —

Coinbase has won a crucial regulatory approval that will allow the platform to provide US-based investors access to the crypto derivatives market.

The company’s stock jumped 3% Wednesday morning on the news.The approval comes from the National Futures Association, a self-regulatory body designated by the Commodity Futures Trading Commission, nearly two years after Coinbase applied to register as a futures merchant.Crypto derivatives make up more than 75% of all global crypto trades, but such products had been off-limits for investors in the United States, in part because of their complexity and high levels of risk. […]

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