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Coinbase launches regulated crypto derivatives in Canada
Coinbase has launched regulated crypto derivatives trading in Canada, marking itself as the first major crypto-native platform to offer direct native crypto futures in the region. The service is provided through Coinbase Financial Markets, a futures commission merchant registered with the U.S. Commodity Futures Trading Commission.
The offering includes 23 crypto perpetual and dated futures contracts tied to assets such as Bitcoin, Ether, and Solana. Additionally, the lineup features five commodity futures linked to gold, silver, and oil, as well as index futures like the COIN50. The contracts utilize nano-sized positions and allow for leverage of up to 10x.
Access is restricted to eligible sophisticated investors, including those with at least $5 million in net financial assets or registered investment advisers and dealers. This expansion follows a trend of U.S.-based platforms increasing their presence in the Canadian market.
Separately, Coinbase has submitted a registration notice to the U.S. SEC to potentially launch single-stock perpetual contracts in the United States. This move aims to bring 24/7 equity-linked perpetual instruments, typically found in crypto markets, to traditional stock trading.
Entities
Bitcoin · Canada · Coinbase · Coinbase Financial Markets · Commodity Futures Trading Commission · U.S. Commodity Futures Trading Commission · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Access is restricted to eligible Canadian customers, such as those with at least $5 million in net financial assets or qualifying advisers and dealers. cointelegraph.com
- [● 3 SOURCES] The offering includes 23 crypto perpetual and dated futures. coingape.com · cointelegraph.com
- [● 3 SOURCES] The service is provided via Coinbase Financial Markets, a futures commission merchant registered with the U.S. Commodity Futures Trading Commission. coingape.com · cointelegraph.com
- [● 3 SOURCES] The lineup includes five commodity futures and the Coinbase 50 Index. coingape.com · cointelegraph.com
- [● 3 SOURCES] Coinbase has launched regulated crypto derivatives in Canada. coingape.com · cointelegraph.com
- [○ 1 SOURCE] Crypto ownership in Canada rose to 25% this year from 10% in 2023. cointelegraph.com
- [● 3 SOURCES] Contracts offer leverage of up to 10x and use nano-sized positions. coingape.com · cointelegraph.com