Coinbase Now Allows Leveraged Crypto Futures Contracts Aimed At Retail US Traders
Portfolio Pulse from Anusuya Lahiri
Coinbase Global, Inc (NASDAQ:COIN) is making crypto futures more accessible to retail traders in the U.S. through its Coinbase Advanced platform. The company has sized futures contracts for retail traders at 1/100th of a Bitcoin and 1/10th of an Ethereum. However, Coinbase is expected to report another quarter of losses due to lower trading volumes and is currently facing a lawsuit with the U.S. SEC for allegedly operating an unregistered exchange.
November 01, 2023 | 2:39 pm
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Coinbase's new offering of crypto futures contracts may attract more retail traders, potentially boosting its revenues. However, the expected losses and ongoing lawsuit with the SEC could negatively impact the company's stock.
The introduction of crypto futures contracts for retail traders could increase Coinbase's customer base and revenues. However, the company's expected losses and the ongoing lawsuit with the SEC could create uncertainty and negatively impact its stock price.
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