Cryptocurrency exchange platform Coinbase Global, Inc
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.
Price Action: COIN shares traded higher by 1.76% at $78.48 on the last check Wednesday.
