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Coinbase announced that certain futures and swaps products are now accessible through its app for users in the US, except for residents of Michigan and Nevada.
Coinbase has made certain futures and swaps products available to users in the United States through the Coinbase app. However, these offerings are not accessible to residents of Michigan and Nevada. According to the company, the products are offered via Coinbase Financial Markets, a member of the CFTC and NFA. Users are cautioned that trading involves the risk of total loss, and specific payouts depend on individual event outcomes. No further details about the specific products or terms were provided in the announcement.
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Coinbase is a cryptocurrency exchange that provides access to a wide range of digital assets, including Bitcoin, Ethereum, Litecoin, Ripple, and more. The platform supports both web and mobile trading, features offline asset storage, and offers solutions for individuals, businesses, and developers. Users can benefit from free e-wallets, virtual cards, a comprehensive analytics base, and unique training programs; more details can be found in the broker profile on Traders Union.
For more context, see the earlier news about Coinbase, which covered the broker's launch of futures and swaps trading through its regulated platform, as well as key service restrictions and risk warnings.