Cryptocurrency exchange Coinbase has secured approval from the National Futures Association (NFA) to roll out crypto futures investment for eligible US customers. With this approval, Coinbase is allowed to operate a Futures Commission Merchant (FCM) platform and launch Bitcoin and Ether futures contracts via its Commodity Futures Trading Commission (CFTC)-regulated derivatives exchange. However, these services would not be immediately available to US investors. In its release, Coinbase emphasised the dominant role of the crypto derivatives market, accounting for 75% of the global crypto trading volume.