Benzinga – by Anusuya Lahiri, Benzinga Editor.
Cryptocurrency exchange platform Coinbase Global, Inc (NASDAQ: COIN) stock in the news on Wednesday as the company looks to make crypto futures more accessible to retail crypto traders.
Now Coinbase Advanced customers in the US can access regulated crypto futures contracts.
The company has sized the futures contracts for retail traders to the nearest hundredth Bitcoin (BTC/USD) and 1/10 of one ether (ETC/USD).
Traders in the US can now use the Coinbase Advanced platform to access spot trading (through Coinbase Inc.) and futures trading (through Coinbase Financial Markets (CFM)) through an integrated, secure, and easy-to-use platform.
In August, CFM received approval to offer federally regulated crypto futures trading to eligible US customers.
Coinbase is likely to report another quarter of losses on Thursday as trading volumes continued to decline in the third quarter. Consensus revenue is $0.14 million and EPS loss is $(0.01).
Coinbase is in a legal battle with the US Securities and Exchange Commission for allegedly operating an unregistered exchange. In June, the US-based cryptocurrency exchange stopped registering new users for its exchange product in India.
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Price promotion: COIN shares were trading 1.76% higher at $78.48 at last check on Wednesday.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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