🌐 Global Expansion: Coinbase International Exchange secures additional regulatory approval, paving the way for perpetual futures trading for non-U.S. retail customers.
💹 Market Shift: With nearly 75% of crypto trading volumes stemming from derivatives, this move positions retail traders to explore a domain traditionally dominated by institutions.
⚖️ Navigating Challenges: Despite facing legal hurdles with the Securities and Exchange Commission, Coinbase continues to make strides in expanding its services globally.
Coinbase International Exchange, boasting a class F license from the Bermuda Monetary Authority (BMA), has made headlines with its announcement of acquiring additional regulatory green light.
But what does this mean for the non-U.S. retail customer? 🤔
Perpetual futures are powered by Coinbase International Exchange which is regulated by the Bermuda Monetary Authority (BMA). @CoinbaseIntExch follows the regulatory framework established by the BMA and maintains high standards of risk management, compliance, and user protections.— Coinbase 🛡️📞 (@coinbase) September 28, 2023
Unveiling the Possibilities: Perpetual Futures Trading 🔓
Launched with a bang in May 2023, Coinbase International initially rolled out its crypto derivatives services exclusively to institutional clientele. The recent regulatory nod, however, is set to change the game, unlocking the doors to regulated perpetual futures contracts via the Coinbase Advanced platform in the ensuing weeks.
Behind the Curtains: Regulation and Maintenance ⚖️🛠️
Where does the maintenance of these perpetual futures accounts take place, you ask? The answer lies in the sunny shores of Bermuda, regulated meticulously by the BMA, ensuring a secure and efficient trading environment.
👉 Also read: How to Trade Bitcoin with Bybit MT4
A Dive into the Figures: Dominating the Derivatives Market 💹
Here’s a nugget of knowledge – nearly 75% of crypto trading volumes are derivatives-driven! With the latest approval, retail traders are poised to delve into a market previously ruled by institutions. Could this be the shift we’ve all been anticipating?
Steady Waters: No Engagement in Market-Making 🌊🚫
Coinbase stands firm on its commitment to integrity, asserting a clear stance against engaging in market-making. The liquidity? It’s sourced from vetted, independent liquidity providers, marking the platform as a trustworthy gateway for retail traders into the derivatives market.
Eligibility and Access: Not a Free-for-All 🚪🔒
Only a select few can savor the fruits of Coinbase International Exchange. Rigorous testing evaluates customer eligibility, ensuring a seamless integration into the Coinbase Advanced trading landscape.
A Glimpse Back: Previous Approvals and Strides 🕰️👣
Just a month back, the platform basked in approval from the National Futures Association (NFA) to extend its crypto futures offerings to eligible institutional clients stateside. The journey, it seems, is just getting started!
Navigating Challenges: Regulatory Hurdles and Lawsuits 🚧⚖️
Coinbase’s journey hasn’t been all smooth sailing. The Securities and Exchange Commission raised eyebrows and legal paperwork, alleging the selling of unregistered securities. The exchange, however, continues its global march, undeterred.
FAQs: Unraveling the Details 🧐❓
Q: What’s the significance of the new regulatory approval for Coinbase International? A: It enables the provision of perpetual futures trading to non-U.S. retail customers, expanding access to a market predominantly dominated by institutions.
Q: How does Coinbase ensure the integrity of its platform? A: By abstaining from market-making and sourcing liquidity from thoroughly compliant and independent providers.
Q: Who can access Coinbase International Exchange? A: Access is exclusive, with customers undergoing stringent testing to evaluate their eligibility.
External Links for Further Exploration 🔗🔍
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Editor, Logll Tech News