Coinbase Files Application to Offer Crypto Derivatives and Futures

  • Coinbase’s application to register as a futures commission merchant with the NFA is currently pending.
  • The exchange wants to tap into the derivatives market and become less dependent on spot trading.
cryptocurrency quotes on the Coinbase app


Coinbase has filed an application with the National Futures Association (NFA) to register as a futures commission merchant. According to the official filing published on 15 September, the company is registering as Coinbase Financial Markets Inc. 

“This is the next step to broaden our offerings and offer futures and derivatives trading on our platforms,” the company said in a tweet, adding that the goal of the offering was to further grow the crypto economy.

Bloomberg noted that cryptocurrency derivatives have long been a glaring hole in Coinbase’s product portfolio — most of Coinbase’s biggest competitors, including Binance, FTX, OKEx, Kraken, and CME Group, already offer crypto futures and options. 

The exchange is reportedly looking to grow its suite of products and make them less dependent on spot trading fees. Earlier this year, Coinbase acquired Skew, a cryptocurrency analytics company used to track the derivatives market. 

Related Coverage
Coinbase to Shut Down Coinbase Pro Platform
  • Launched in 2018, Coinbase Pro was designed to provide advanced traders with unlimited trading volumes, as well as a larger choice of cryptocurrencies.
  • Coinbase plans to replace “Pro” with its Advanced Trade feature by the end of the year, bringing all of its services under the same platform.
June 23, 2022, 3:05 PM
Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018

Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings/Getty Images for TechCrunch

Coinbase India Suspends UPI Payments Shortly After Launch
  • The exchange has stopped accepting payments through the United Payments Interface system only three days after its launch in India.
  • The system is governed by the National Payment Corporation of India, which said it was “not aware of any crypto exchange using UPI” only hours after the exchange was launched.
Coinbase to Expand Presence in India
  • CEO Brian Armstrong revealed that Coinbase was planning to quadruple the number of employees in its Indian tech hub.
  • Coinbase’s investment arm will be holding an in-person event in Bangalore on 7 April, where it plans to invest $1 million in crypto and web3 companies.