TechBookyBusiness
No Result
View All Result
Tuesday, July 5, 2022
  • Login
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us
Subscribe
TechBooky Business
No Result
View All Result
Home Cryptocurrency

Exchange Platform Coinbase Has Applied To Become A Future Commission Merchant

Ibhadojemu Lucky Emmanuel by Ibhadojemu Lucky Emmanuel
September 16, 2021
in Cryptocurrency, Service
Share on FacebookShare on Twitter

American cryptocurrency exchange platform Coinbase has revealed that it has applied to become a registered Futures Commission Merchants (FCM) with the US National Futures Association (NFA). The exchange platform announced via a tweet that said “Today, Coinbase filed an application with the NFA to register as an FCM – Futures Commission Merchant. This is the next step to broaden our offerings and offer futures and derivatives trading on our platforms. Goal: Further grow the crypto economy”. Coinbase made the registration under the registration under the name Coinbase Global Inc. and as of the time of this drafting, the registration was still pending on the National Futures Commission website.

After its registration with the NFA pulls through, Coinbase will have to proceed to register with the US derivatives market regulator – the Commodity Futures Trading Commission (CFTC).

After acquiring these licenses, Coinbase will be able to fully offer its futures products to its clients. Acquiring licenses like these would give crypto platforms that plan on tapping into the crypto derivatives market, like Coinbase, the shield they require from regulatory actions.

The application to be a part of the National Futures Association (NFA) comes after Coinbase’s executive Brian Armstrong tweeted that the US Securities and Exchange Commission (SEC) threatened to sue coin base if it continued with offering a USD coin (USDC) lending products that promised clients 4 percent APY.

By registering and imminently acquiring the necessary licenses, the exchange platform hopes to carry on its operations concerning futures and derivatives smoothly and free from regulatory kerfuffles.

Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam and as of March this year, it was the largest cryptocurrency exchange in the US by trade volume. The exchange platform went public on NASDAQ exchange via a direct listing on April 14th, 2021.

Coinbase’s registration to become an NFA merchant is expected to be approved soon.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0

Related Posts:

  • Coinbase Opens Up Its NFT Marketplace to All Users
    Coinbase Opens Up Its NFT Marketplace to All Users
  • Binance Is Unauthorized To Sell Stock Tokens, Hong Kong Regulator Says
    Binance Is Unauthorized To Sell Stock Tokens, Hong Kong…
  • Crypto Platform Coinbase Acquires Data Analytics Platform, Skew
    Crypto Platform Coinbase Acquires Data Analytics Platform,…
  • Coinbase Signs Multi-year Cryptocurrency Partnership With The NBA, WNBA And Others
    Coinbase Signs Multi-year Cryptocurrency Partnership With…
  • Coinbase Is Investigating Transaction Delays On Its Platform
    Coinbase Is Investigating Transaction Delays On Its Platform
  • Cryptocurrency: Polkadot In A Frenzy As It Debuts On Coinbase
    Cryptocurrency: Polkadot In A Frenzy As It Debuts On…
  • Coinbase Suspends UPI Payments Instrument Days After Launching In India
    Coinbase Suspends UPI Payments Instrument Days After…
  • Following Its NFT Marketplace Announcement, More Than 1 Million People Have Signed Up For Coinbase's Waitlist
    Following Its NFT Marketplace Announcement, More Than 1…
Tags: cftccoinbasederivative marketsnfa
Previous Post

Healthtech Company 54Gene Closes Series B Round At $25 Million

Next Post

Southeast Asian Country Laos Authorizes Cryptocurrency Mining And Trading

Next Post
Southeast Asian Country Laos Authorizes Cryptocurrency Mining And Trading

Southeast Asian Country Laos Authorizes Cryptocurrency Mining And Trading

No Result
View All Result

Get top tech business news in your inbox

subscription from
Loading

Crypto Price List

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • TadpoleTadpole(TAD)
    $7.32-1.74%
  • SEENSEEN(SEEN)
    $2.05-2.27%
  • EvedoEvedo(EVED)
    $0.082301-0.80%
  • MarginswapMarginswap(MFI)
    $0.184213-2.11%
  • SakeTokenSakeToken(SAKE)
    $0.0127135.28%
  • WTF TokenWTF Token(WTF)
    $0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)
    $0.005461-5.83%
  • RobotinaRobotina(ROX)
    $0.00266138.50%
  • CageCage(C4G3)
    $0.005010-3.67%
  • YAM v2YAM v2(YAMV2)
    $4.70-1.41%

Recent Posts

  • Financial Inclusion In Nigeria Grew To 45 Percent In 2021 – World Bank
  • Meta Is Shutting Its Novi Digital Wallet By September 1st
  • Crypto Is The Answer To Financial Inclusion, Central African Republic’s President Says Amid Huge Aversion For Its Adoption Of Bitcoin
  • Popular Bitcoin Family Reveals They’ve Had Bitcoin Losses Of Up To $1 Million This Year
  • June Was Bitcoin’s Worst Month On Record After The Flagship Crypto Lost 40 Percent Of Its Value

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Get top tech business news in your inbox

subscription from
Loading

Popular Tags

Acquisition africa amazon apple bitcoin cbn china coinbase company crypto cryptocurrency e-commerce earnings earnings season elon musk facebook fintech Funding gadget google government india internet Investment ipo kenya microsoft money netflix nigeria payment payments Q1 revenue russia service shares social media Startup Stock tech tesla twitter Ukraine whatsapp

Calendar

July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Recent News

  • Financial Inclusion In Nigeria Grew To 45 Percent In 2021 – World Bank
  • Meta Is Shutting Its Novi Digital Wallet By September 1st
  • Crypto Is The Answer To Financial Inclusion, Central African Republic’s President Says Amid Huge Aversion For Its Adoption Of Bitcoin
  • Popular Bitcoin Family Reveals They’ve Had Bitcoin Losses Of Up To $1 Million This Year
  • June Was Bitcoin’s Worst Month On Record After The Flagship Crypto Lost 40 Percent Of Its Value
  • Nigerian Mobility Startup Moove Gets $20 Million From The UK Government’s Development Finance Institution – British International Investment (BII)

© 2021 Techbooky Business - Design by Techbookyelite.

No Result
View All Result
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us

© 2021 Techbooky Business - Design by Techbookyelite.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$19,452.18-1.50%
  • ethereumEthereum(ETH)$1,103.14-0.38%
  • tetherTether(USDT)$1.00-0.32%
  • usd-coinUSD Coin(USDC)$1.00-0.18%
  • binancecoinBNB(BNB)$225.350.72%
  • Binance USDBinance USD(BUSD)$1.00-0.09%
  • rippleXRP(XRP)$0.316695-2.05%
  • cardanoCardano(ADA)$0.449588-3.91%
  • SolanaSolana(SOL)$33.77-1.63%
  • dogecoinDogecoin(DOGE)$0.066140-2.70%
  • polkadotPolkadot(DOT)$6.73-3.88%
  • Shiba InuShiba Inu(SHIB)$0.000010-1.86%
  • AvalancheAvalanche(AVAX)$16.77-3.64%
  • matic-networkPolygon(MATIC)$0.4974595.20%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000071-5.36%
Posting....