Coinbase, the popular international cryptocurrency exchange, has recently obtained regulatory approval from the Bermuda Monetary Authority. This approval allows Coinbase to offer perpetual futures trading to non-US retail customers. This new feature will provide traders with more options and flexibility when it comes to investing in cryptocurrencies.
By offering perpetual futures trading, Coinbase will enable non-US retail customers to trade contracts that have no expiration date. This means that traders can hold onto their positions for as long as they want, giving them the ability to take advantage of prolonged market trends and potentially maximize their profits. This move by Coinbase reflects the growing demand for advanced trading tools in the cryptocurrency market.
This regulatory approval from the Bermuda Monetary Authority is a significant milestone for Coinbase. It not only expands the range of services that the exchange can offer but also demonstrates its commitment to providing innovative and reliable solutions to its customers. With perpetual futures trading, Coinbase continues to solidify its position as a leading cryptocurrency exchange and shows its dedication to meeting the evolving needs of traders in the global market.
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