Coinbase Receives Regulatory Approval to Enable Retail Perpetual Futures Trading

Coinbase has received additional regulatory approval from the Bermuda Monetary Authority (BMA) to extend perpetual futures trading to non-US retail customers, bringing more transparency and security to the global crypto derivatives market.

In May 2023, Coinbase announced the launch of Coinbase International Exchange, accompanying a class F license from the BMA to allow non-US institutions to trade perpetual futures. Now, eligible non-US retail customers will also be able to access regulated perpetual futures contracts on Coinbase Advanced in the coming weeks.

Source: Coinbase.com

This approval comes as part of Coinbase’s focus on partnering with forward-looking global regulators to expand access to crypto in a compliant manner. While Coinbase chose to build its business in the US, this move allows the company to further its mission of updating the global financial system by bringing perpetual futures to retail traders worldwide.

At a time when other exchanges face regulatory scrutiny, Coinbase stands out as one of the most trusted and transparent players in crypto derivatives. Coinbase International Exchange follows strict risk management and compliance standards set by the BMA.

As the most secure crypto exchange, Coinbase holds customer assets 1:1 in publicly audited accounts. The exchange is well-capitalized through its Insurance Fund and Liquidity Support Program funded in USDC stablecoin, not an exchange token. Coinbase also has an experienced risk management team and does not engage in market making.

Starting today, non-US retail customers can check their eligibility for perpetual futures trading on Coinbase Advanced, with official trading expected to begin in the coming weeks. This regulatory approval represents another step in Coinbase’s mission to update the global financial system and bring more economic freedom through crypto.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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