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2 clusters · 19 sources · 3 days · First seen 12 days ago · Last updated 9 days ago

Coinbase expansion in Canadian crypto markets

Overview

Coinbase has expanded its presence in the Canadian digital asset market through strategic partnerships and new product launches.

Initially, Webull Canada announced it would expand its service offerings to include cryptocurrency trading via an infrastructure partnership with Coinbase. Utilizing Coinbase’s ‘Crypto-as-a-Service’ platform, Webull will allow customers to access assets such as Bitcoin, Ethereum, and Solana, while Coinbase manages liquidity and custody.

Subsequently, Coinbase launched regulated crypto derivatives trading in Canada through Coinbase Financial Markets, a futures commission merchant registered with the U.S. Commodity Futures Trading Commission. This marks the first time a major crypto-native platform has offered direct native crypto futures in the region.

The lineup includes 23 crypto perpetual and dated futures contracts tied to assets such as Bitcoin, Ether, and Solana, as well as five commodity futures linked to gold, silver, and oil, and index futures like the COIN50. These products utilize nano-sized positions and allow for leverage of up to 10x. Access is restricted to eligible sophisticated investors, such as registered investment advisers, dealers, or individuals with at least $5 million in net financial assets.

Entities

Coinbase · Ontario Securities Commission · Coinbase Financial Markets · Commodity Futures Trading Commission · United States

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Coinbase has launched regulated crypto derivatives in Canada. www.cryptobreaking.com · coingape.com · cointelegraph.com
[● 3 SOURCES] The offering includes 23 crypto perpetual and dated futures. www.cryptobreaking.com · coingape.com · cointelegraph.com
[● 3 SOURCES] The lineup includes five commodity futures and the Coinbase 50 Index. www.cryptobreaking.com · 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. www.cryptobreaking.com · coingape.com · cointelegraph.com
[● 3 SOURCES] Contracts offer leverage of up to 10x and use nano-sized positions. www.cryptobreaking.com · coingape.com · cointelegraph.com
[● 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. www.cryptobreaking.com · cointelegraph.com
[○ 1 SOURCE] Crypto ownership in Canada rose to 25% this year from 10% in 2023. cointelegraph.com

Timeline

9 days ago

[BUSINESS] 14 sources
Coinbase launches regulated crypto derivatives in Canada
Coinbase has launched regulated crypto derivatives in Canada, offering perpetual and dated futures with up to 10x leverage for eligible investors. The company is also seeking U.S. approval for stock perpetuals.
12 days ago

[BUSINESS] 8 sources
Webull Canada expands crypto services through Coinbase partnership
Webull Canada is launching cryptocurrency trading services by leveraging Coinbase’s Crypto-as-a-Service infrastructure for trading and custody, following rising digital asset demand in the country.

Sources

bitcoinethereumnews.com · blockchainreporter.net · blog.coincodecap.com · btc-echo.de · coincu.com · coinedition.com · coingape.com · cointelegraph.com · criptotendencias.com · crypto-news-flash.com · cryptobreaking.com · financemagnates.com · journalducoin.com · merca2.es · mycryptoparadise.com · news.bitcoin.com · phocapblockchain.net · tokenpost.com · tronweekly.com

This summary has been updated 1 time: see revision history