Coinbase International launches perpetual futures trading for retail customers
The recent regulatory approval for the international subsidiary of Coinbase comes within a month of getting the NFA nod to offer crypto derivatives services to institutional clients in eligible US states. Coinbase International Exchange, a class F license holder from the Bermuda Monetary Authority (BMA), announced that it has received additional regulatory approval, allowing the platform to offer perpetual futures trading to non-US retail customers. Launched in May 2023, Coinbase International already offered crypto derivates services to institutional clients. With the latest regulatory approval, the crypto platform will begin to offer eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform in the coming weeks. The exchange notified that the Perpetual Futures accounts are maintained by Coinbase Bermuda Limited regulated by the BMA. The crypto exchange claimed in its announcement that nearly 75% of crypto trading volume comes from the deri...