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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto derivatives have been enjoying widespread popularity among investors, especially institutional clients. In July 2023, their trading volume on centralized exchanges surged 13% to $3.12 trillion compared to the previous month, meaning derivatives account for 69% of total cryptocurrency volumes, which also includes spot market trades. You might also like: Crypto 2023 in review: the most significant events that shaped the industry Yet, despite the growth of crypto derivatives and their potential to onboard institutional investors, regulatory complexities have introduced numerous challenges for market players. Regulatory landscape for crypto derivatives While traditional derivatives are regulated in most jurisdictions, many nations lack the appropriate legislation for their digital asset variants. Regulatory uncert...

The recent approval allows Coinbase to join the ranks of major derivative exchanges in the United States, CME, and CBOE. The approval for America’s largest digital asset exchange, Coinbase, to offer crypto futures to U.S. retail customers is being seen as a major regulatory victory amid a heated battle with the country’s securities regulator. On Aug. 16, the National Futures Association (NFA) — designated by the U.S. commodities regulator as a registered futures association — granted Coinbase permission to operate a Futures Commission Merchant (FCM) platform. A loud signal Some crypto industry commentators see the approval as a significant regulatory victory for Coinbase and crypto, given the U.S. Securities and Exchange Commission has accused the exchange of avoiding the registration of its offerings. “If I were a judge I'd wonder why somehow [Coinbase] manages to register with the [CFTC] yet the [SEC] claims that Coinbase is unwilling to do the hard work to register," i...