Coinbase Challenges Bitcoin Market Dynamics with New Crypto Futures

Cryptocurrency exchange Coinbase has received regulatory approval from the Commodities Futures Trading Commission (CFTC) to offer crypto futures trading to its customers in the U.S. This move could potentially boost adoption of Bitcoin and other cryptocurrencies by marrying the spot crypto trading market with the futures market, which is the basis for Bitcoin exchange-traded funds (ETFs) in the country. Coinbase Financial Markets, the newly registered merchant with the CFTC, will provide both spot crypto trading and crypto futures trading. The integration of these two markets could lead to improved liquidity and arbitrage opportunities, making futures ETFs more similar to spot ETFs.