Coinbase is going even further to distinguish itself from other cryptocurrency exchanges in the U.S. The company said in a tweet late Wednesday that it plans to offer futures and derivatives trading. It filed an application that day with the National Futures Association to register as a futures commission merchant under the name Coinbase Financial Markets.
The move would set Coinbase further apart from competitors Kraken, Binance.US and Robinhood, which don’t offer crypto derivatives trading in the U.S. Coinbase stands out already as the largest crypto exchange in the U.S. Offering derivatives trading is likely to help it attract new customers—as long as regulators don’t thwart its plans.
