Can you explain why Coinbase doesn't offer futures trading to its users? I'm interested in exploring this market but am unable to do so on the platform I'm currently using. Are there any specific reasons behind this decision, or is it simply not a service they offer at this time? Additionally, are there any alternatives that you recommend for those looking to trade futures in the
cryptocurrency space?
7 answers
Carolina
Thu Aug 01 2024
Furthermore, individuals must possess a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). These identifiers are crucial for tax reporting and identity verification purposes.
EnchantedNebula
Thu Aug 01 2024
Trading futures contracts on Coinbase Financial Markets necessitates adherence to specific regulatory guidelines. These prerequisites ensure the platform's compliance with regulatory frameworks and protect investors' interests.
Bianca
Thu Aug 01 2024
Coinbase Financial Markets conducts a comprehensive review of each applicant's age to ensure they meet the minimum requirement for trading futures contracts. This step ensures that only adults with sufficient maturity and understanding participate in these complex financial transactions.
henry_grayson_lawyer
Thu Aug 01 2024
The first prerequisite for trading futures on Coinbase Financial Markets is residency in the United States. This requirement ensures that only eligible individuals within the country's jurisdiction can participate in these financial instruments.
benjamin_cole_nurse
Thu Aug 01 2024
Experience in financial markets is another critical factor that Coinbase considers. Applicants must demonstrate a certain level of experience or knowledge in financial instruments, particularly futures contracts, to trade on the platform.