Cryptocurrency exchange platform Coinbase Global, Inc COIN stock in the news Wednesday as the company seeks to make crypto futures more accessible to retail crypto traders.
Now, Coinbase Advanced customers in the U.S. can access regulated crypto futures contracts.
The company precisely sized futures contracts for retail traders at 1/100th of a Bitcoin (BTC/USD) and 1/10th of an Ethereum (ETC/USD).
Traders in the U.S. can now use the Coinbase Advanced platform to access spot (through Coinbase Inc) and futures (through Coinbase Financial Markets (CFM) ) all through one integrated, secure, and easy-to-use platform.
In August, CFM won approval to bring federally regulated crypto futures trading to eligible U.S. customers.
Coinbase will likely report another quarter of losses on Thursday as lower trading volumes continued in the third quarter. The consensus revenue is $0.14 million and EPS loss is $(0.01).
Coinbase is amid a lawsuit with the U.S. SEC for allegedly operating an unregistered exchange. In June, the U.S.-based cryptocurrency exchange turned off new user sign-ups for its exchange product in India.
Join Benzinga’s Fintech Deal Day & Awards on Nov. 13 and Future of Digital Assets on Nov. 14 in New York City to stay updated on trends like AI, regulations, SEC actions, and institutional adoption in the crypto space. Secure early bird discounted tickets now!
Price Action: COIN shares traded higher by 1.76% at $78.48 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
