New Approval for Coinbase for Crypto Futures
Coinbase, the largest crypto exchange in the USA, achieved an important institutional win this week. The approval for offering crypto futures to retail investors came from the SEC and this story brought more ambitions than other times.
Until now, only institutional investors had the ability to use those kind of products, mainly to hedge the risk on their current portfolios.
The approval came almost 2 years after the initial application and is expected to open another market segment and bring more liquidity in the market.
We should remind you that the global derivative market is at 80 % of the crypto market and the market volatility is directly related with it.
Coinbase executives stated that this is an important step for the company’s progress as it remains in open battle with the SEC.
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