Coinbase Derivatives Exchange Launches BTC And ETH Futures Contracts Amid Regulatory Scrutiny

Coinbase Derivatives Exchange will introduce Bitcoin (BTC) and Ethereum (ETH) futures contracts for institutional investors.
Coinbase Derivatives Exchange will introduce Bitcoin (BTC) and Ethereum (ETH) futures contracts for institutional investors.
Once more, and this time within seven days, Coinbase has requested a response from the SEC.
Coinbase Chief Legal Officer Paul Grewal said that the filing might be the first time SEC has explained its views on whether the SEC should create rules for the crypto industry.ย
The SEC has come under fire for its regulatory approach from Coinbase and the cryptocurrency industry, with the support of the U.S. Chamber of Commerce.
The former product manager of Coinbase was given a two-year prison term for insider trading by American authorities.
Paul Grewal wrote that the proposed SEC rulemaking does not adequately protect other asset classes, such as cryptocurrency.
There is no threat for present Coinbase Borrow users, and they are not required to take any action to avoid having their positions cancelled.
Coinbase is forging forward with a worldwide derivatives platform as the cryptocurrency industry faces legal obstacles in the United States.
According to an intended class-action complaint, Coinbase collected and stored client fingerprint and facial template data, violating Illinois' biometric privacy regulations.
Since its petition for regulations for the cryptocurrency business has been pending since July, Coinbase is attempting to compel the SEC to reply.