Coinbase intends to add cryptocurrency derivatives to its platform. To do this, she applied to the National Futures Association (NFA), Bloomberg reports.
The company expects to register a legal entity Coinbase Financial Markets Inc. as a self-regulatory organization, as required by the rules for servicing futures trading in the US market.
“Today, Coinbase applied to the NFA to register as an authorized brokerage firm,” the company wrote on Twitter. “This is the next step in expanding our offering to include futures and derivatives.”
Earlier, Coinbase’s head of institutional sales, Brett Tejpohl, already reported that derivatives, including futures, are on their roadmap. This year, Coinbase bought the Skew analytics platform, whose main purpose is to track derivatives market data.
Recently it became known about the acquisition of the derivatives platform LedgerX by the FTX exchange, which is also seeking to launch futures in the United States.
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