Coinbase, the cryptocurrency exchange, has been granted permission by the National Futures Association (NFA) to operate a Futures Commission Merchant (FCM). This makes Coinbase the first crypto-focused platform in the US to offer regulated and leveraged crypto futures alongside traditional spot trading, according to the exchange’s announcement.
Perceived safe havens like bitcoin (BTC) and gold struggled to gather upside traction even as signs of cracks in the global market begin to appear in the form of volatility in the fiat currencies of distressed nations, said Omkar Godbole.
Sei Labs, the company behind layer 1 blockchain Sei, has announced that its mainnet is now live after a successful testnet phase. The blockchain’s native token SEI also went live today on exchanges such as Binance, Kraken, and Huobi, among others. The focus for Sei is to create a chain that offers users the ability to exchange assets easily, said the Sei Labs team.
SEI was trading at around $0.27 at the time of writing, around the same price as when it launched on Tuesday. The token traded at a premium of $0.64 on Upbit.
Coinbase Wins Approval to List Crypto Futures in US
