Coinbase To Enable Perpetual Futures For Eligible Non-US Retail Customers
Portfolio Pulse from Murtuza Merchant
Coinbase International Exchange has received regulatory approval from the Bermuda Monetary Authority to offer perpetual futures trading to non-U.S. retail customers. This is part of Coinbase's 'Go Broad, Go Deep' strategy. The company's perpetual futures contracts have already recorded over $5.5 billion in notional trading volume from institutions by the end of Q2. Coinbase also emphasized its commitment to risk management, compliance, and user protection.
September 28, 2023 | 6:30 pm
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POSITIVE IMPACT
Coinbase's approval to offer perpetual futures trading to non-U.S. retail customers could potentially increase its user base and trading volume, positively impacting its revenues.
The approval allows Coinbase to expand its services to non-U.S. retail customers, potentially increasing its user base and trading volume. This could lead to increased revenues, positively impacting its stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The news of Coinbase's approval could potentially increase the use of USD Coin (USDC) as it is used in the International Exchange's Insurance Fund and Liquidity Support Program.
As Coinbase expands its services, the use of USD Coin (USDC) in its International Exchange's Insurance Fund and Liquidity Support Program could increase, potentially impacting its value.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60