Coinbase CEO: Coinbase Approved to Offer Global Crypto Perpetual Futures in the US

Odaily Odaily报道, Coinbase CEO Brian Armstrong posted on platform X, stating that Coinbase has received approval to offer true global crypto perpetual futures trading services in the United States, becoming the first platform to bring global liquidity to US users. For years, due to the lack of clear regulatory rules in the US, crypto trading activity has continuously flowed to overseas markets, and perpetual futures were previously not legally available within the country. Brian Armstrong indicated that approximately 50% of perpetual futures trading volume may originate from US users utilizing overseas platforms via VPN, relying on less stringent KYC requirements. Following his multiple trips to Washington D.C. for discussions and the advocacy of the Coinbase policy team, Coinbase has been granted approval to allow US users to access a perpetual futures market connected to global liquidity, thereby enabling interconnectivity between US and international markets. Brian Armstrong also thanked US CFTC Chair Caroline Pham Selig and Paul Atkins for recognizing the importance of this matter, and stated that Coinbase will continue to drive the upgrade of the financial system in a compliant manner.