Coinbase Global got approval to offer cryptocurrency futures to US retail customers, scoring a major regulatory victory as the cryptocurrency exchange battles a lawsuit from the Securities and Exchange Commission (SEC). Shares of the company rose 5.5% to $83.52 in pre-opening trading. Wall St.
The approval was granted by the National Futures Association (NFA), a self-regulatory organization designated by the Commodity Futures Trading Commission (CFTC).
“This is a critical milestone that reaffirms our commitment to operating a regulated and compliant business,” Coinbase said.
The company has been openly critical of the SEC, which in a June lawsuit accused Coinbase operating illegally for not having registered as a stock exchange.
Its CEO, Brian Armstrong, has also said that more US cryptocurrency companiess could move overseas due to a hostile regulatory environment and that SEC Chairman Gary Gensler’s approach of prioritizing enforcement could stifle enforcement. innovation in the sector.
The NFA’s approval, which came nearly two years after it coinbase were to apply, it could allow the firm to expand into a largely untapped market.
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Cryptocurrency futures: how to trade in Argentina
Cryptocurrency futures can be traded in Argentina through Matba Rofex. “Everything is centrally operated on the platform and distributed through the Alycs’ platforms,” explained Ismael Caram.
Qualified investors are the National State, Provinces and MunicipalitiesAutonomous Entities, State Companies and State Companies, International Organizations and Legal Entities of Public LawPublic Trust Funds, The National Social Security Administration (ANSeS) – Sustainability Guarantee Fund (FGS), Pension Funds, Banks and Public and Private Financial Entities, Mutual Investment FundsFinancial Trusts with public offering, Insurance Companies, Reinsurance and Occupational Risk Insurers, Mutual Guarantee Societies.
Also the Legal persons registered by the National Securities Commission as agentswhen they act on their own account, human persons who are permanently registered in the Registration of Suitable by the National Securities Commission, individuals or legal entities that at the time of making the investment have investments in negotiable securities and/or deposits in financial entities for a amount equivalent to 350,000 UVAand legal persons incorporated abroad and human persons with real domicile abroad.
Source: Ambito

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