Coinbase Financial Markets
Coverage of Coinbase Financial Markets in the Nexus archive.
- CFTC Cracks Open U.S. Market for Bitcoin and Crypto Perpetual Futures
The U.S. Commodity Futures Trading Commission (CFTC) approved the first Bitcoin perpetual futures contract on a U.S. exchange (KalshiEX’s BTCPERP) and granted Coinbase access to global crypto derivatives markets. This marks a significant regulatory shift, enabling U.S. traders to participate in previously offshore-dominated perpetual futures and options markets through a CFTC-regulated framework.
- New York Sues Coinbase and Gemini Over Alleged Illegal Prediction Market Gambling Operations
New York Attorney General Letitia James has filed lawsuits against Coinbase Financial Markets and Gemini Titan, alleging they operate illegal prediction market gambling platforms without state licenses. The lawsuits claim these platforms allow users to bet on event outcomes like sports and elections, violating New York's gambling laws and exposing underage users to financial risks.