Coinbase Gets NFA Approval To Offer Crypto Futures
Portfolio Pulse from Charles Gross
Coinbase, a leading cryptocurrency exchange, has received approval from the National Futures Association (NFA) to offer crypto futures. This move could potentially attract more institutional investors to the platform.
August 16, 2023 | 10:04 am
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POSITIVE IMPACT
Coinbase's approval to offer crypto futures could potentially attract more institutional investors, which may positively impact the company's stock price in the short term.
The approval from NFA allows Coinbase to offer crypto futures, a product that is attractive to institutional investors. This could lead to an increase in the number of users on the platform, potentially boosting the company's revenues and positively impacting the stock price.
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IMPORTANCE 80
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