Coinbase, the popular Bitcoin wallet, said Tuesday that it has received approval from the U.S. Securities and Exchange Commission to begin trading Bitcoin futures and options in the U,S.
and other trading platforms.
“We are pleased to announce we have been approved by the SEC to provide Bitcoin futures on certain markets today,” said Coinbase CEO Brian Armstrong.
“We will continue to work with the SEC and other regulators to further refine the product and service we offer to our customers.”
“We appreciate the efforts of regulators to bring these new crypto-currency options to market, and hope the market continues to experience a surge in demand,” Armstrong added.
Bitcoin futures will be offered for U.K. trading, Australia, New Zealand, Canada, Singapore, Taiwan, Hong Kong, Malaysia, Singapore and Vietnam.
They will be available to buy and sell through the U.
“Bitcoin futures have become a hot topic in the financial services industry, with more than half of all trading volume this year coming from Bitcoin futures.
The SEC approved Coinbase’s request for approval Tuesday and said it would consider its response.
The company’s chief executive, Brian Armstrong, said in a blog post that the company has invested in the technology, and believes that trading in crypto-currencies is more efficient and safe than buying and selling them.”
Investors have been clamoring for a Bitcoin-focused alternative to traditional financial instruments. “
The future of crypto-financial technology is bright.”
Investors have been clamoring for a Bitcoin-focused alternative to traditional financial instruments.
A few years ago, the cryptocurrency was a hot commodity on the U.,S.
stock market, but the volatility of the digital currency has diminished since then.
Bitcoin has been gaining popularity in the past few years, as it has gained in popularity among investors looking for a more secure way to store and trade their investments.
The price of Bitcoin has increased from $13 in January 2014 to more than $1,100 in June.