Coinbase News: Launch of 24/7 Bitcoin and Ethereum Futures Trading for U.S. Traders and Registration in India

Coinbase, a leading cryptocurrency exchange, has made significant announcements recently that are poised to impact the trading landscape for U.S. and Indian traders. Here’s a closer look at these developments.

Coinbase to Launch 24/7 Bitcoin and Ethereum Futures via CFTC-Regulated Exchange

Coinbase announced plans to launch 24/7 Bitcoin and Ethereum futures trading for U.S. traders via its Commodity Futures Trading Commission (CFTC)-regulated derivatives exchange, Coinbase Derivatives, LLC. This marks the first time U.S. traders will have access to perpetual-style futures contracts without expiration dates, aligning domestic markets with global trading norms.

Coinbase Registers with FlU in India, Set to Resume Crypto Trading Services

Crypto giant Coinbase registered with India’s Financial Intelligence Unit (FIU), meeting a key regulatory requirement to offer crypto trading services in the country. Coinbase is all set to launch its initial retail offerings later this year. Future plans include introducing a broader range of investment products, further solidifying its presence in the region. “We’re committed to building in markets that believe in the potential of crypto and on-chain innovation,” stated John O’Loghlen, Regional Managing Director for APAC at Coinbase. “India represents one of the most exciting market opportunities in the world today, and we’re proud to deepen our investment here in full compliance with regulations.”