The exchange says it has been granted approval by the National Futures Association (NFA), a self-regulatory organisation designated by the CFTC, making it the first crypto-native platform to directly offer traditional spot crypto trading alongside leveraged crypto futures.Coinbase applied with the NFA nearly two years ago and says it has been working with regulators since then to ensure it will comply with all regulations and that its business model meets the CFTC’s customer protection requirements. Greg Tusar, VP, institutional products, Coinbase, writes in a blog: "We believe this is a watershed moment to be able to bring regulated crypto products to US customers."The approval is regulatory win for Coinbase, which has been publicly locking horns with the SEC.
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