Coinbase to Offer $WIF Futures to Non-US Customers Starting April 25

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Starting from April 25, Coinbase International Exchange and Coinbase Pro are teaming up to introduce trading for $WIF perpetual futures for customers residing outside the US. This move reflects the escalating demand for crypto derivatives beyond American borders, providing access to the Solana-linked memecoin, dogwifhat.

Starting from 25th April, 2024, 9:30 am UTC onwards, Coinbase International Exchange and Coinbase Pro will introduce the trading of Dogwifhat perpetual futures. @CoinbaseIntExch looks forward to this new addition.

— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) April 18, 2024

Regulatory Milestones and Market Response

After a prosperous year following regulatory approval for futures trading options in certain international markets, Coinbase has now introduced these services. However, expanding this privilege to American customers has proven more difficult due to increased regulatory oversight.

In spite of the challenges, Coinbase made a notable achievement during the previous year when they were granted approval by the National Futures Association to provide restricted crypto futures trading for American retail customers via Coinbase Pro.

Coinbase’s recent action aligns with a notable increase in cryptocurrency derivatives trading volumes. Last month, these volumes jumped by 86.5%, amounting to a total of $6.18 trillion. This substantial rise highlights the thriving and agile character of the global market for cryptocurrency derivatives.

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2024-04-18 23:35