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The cryptocurrency exchange platform Coinbase Global, Inc (NASDAQ:COIN) is in the news on Wednesday as the company looks to make cryptocurrency futures more accessible to cryptocurrency retailers.
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Now advanced Coinbase customers in the US can access regulated crypto futures contracts.
The company has precision sized futures contracts for retail traders at a ratio of 1/100 Bitcoin (BTC/USD) and 1/10 of the week ether (ETC/USD).
You can also read: Coinbase announced the suspension of trading in six cryptocurrencies in September
Traders in the United States can now use Coinbase’s advanced platform to access spot (via Coinbase Inc) and futures contracts (via Coinbase Financial Markets (CFM)) through an integrated, secure, and easy-to-use platform.
In August, CFM received approval to offer federally regulated cryptocurrency futures trading to eligible customers in the United States.
COIN is likely to post another quarter of losses on Thursday as lower trading volumes continued into the third quarter. Consensus revenue is $0.14 million and EPS loss is $0.01.
COIN is in the middle of a legal battle with the US Securities and Exchange Commission for allegedly operating an unregistered exchange. In June, the US-based cryptocurrency exchange disabled new user sign-ups for its exchange product in India.
Coinbase stock movement
At last check on Wednesday, Coinbase shares were up 1.76% at $78.48.
You may also read: Brian Armstrong gives his opinion on Coinbase’s dispute with the SEC
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