Coinbase Secures Regulatory Green Light for Retail Perpetual Futures Trading

As per a official announcement, Coinbase International Exchange has received an extended regulatory nod from the Bermuda Monetary Authority (BMA), allowing the platform to offer perpetual futures trading to non-US retail customers. This expansion of services comes following the initial launch announcement in May 2023, where Coinbase unveiled its non-US exchange and secured a class F license from the BMA for non-US institutions to engage in perpetual futures trading.

Coinbase International Exchange's move to broaden access to perpetual futures is in line with its "Go Broad, Go Deep" Phase II strategy, emphasizing collaboration with global regulators to establish a robust crypto regulatory framework conducive to innovation. While Coinbase initially rooted itself in the United States, believing in its pivotal role in reshaping the financial system, this latest development underscores the company's commitment to fostering economic freedom and opportunity worldwide.

The global crypto derivatives market represents approximately 75% of total crypto trading volume, showcasing a strong demand for derivatives among traders. However, with increased regulatory scrutiny affecting various crypto exchanges globally, Coinbase stands out as a trusted player in the crypto derivatives market, offering the security and transparency necessary for confident trading.

Coinbase International Exchange's perpetual futures contracts adhere to stringent compliance standards and have already facilitated over $5.5 billion in notional trading volume from institutions in the second quarter. The exchange adheres to the rigorous regulatory framework established by the BMA, prioritizing risk management, compliance, and user protection.

Starting today, non-US retail traders can check their eligibility for perpetual futures on Coinbase Advanced, with official trading set to commence in the coming weeks.

Resources:

Coinbase Blog