Cryptocurrency Q&A Why can't I trade futures on Coinbase?

Why can't I trade futures on Coinbase?

Riccardo Riccardo Wed Jul 31 2024 | 7 answers 779
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? Why can't I trade futures on Coinbase?

7 answers

Carolina 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.

Was this helpful?

44
26
EnchantedNebula 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.

Was this helpful?

164
70
Bianca 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.

Was this helpful?

88
31
henry_grayson_lawyer 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.

Was this helpful?

73
68
benjamin_cole_nurse 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.

Was this helpful?

192
65
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts