‘A Big Deal—Crypto Braced For A ‘Critical Earthquake That Could Play Havoc With The Price Of Bitcoin, Ethereum And XRP

Bitcoin Bitcoin , Ethereum, XRP XRP And other major cryptocurrencies were hit this week by the Federal Reserve's warning despite a "terrible crypto-killing app" on the horizon.

Participant He is now a Forbes Cryptoasset and Blockchain Advisor and has gotten to ride the roller coaster of the Bitcoin and cryptocurrency markets.

Bitcoin prices surged to more than $30,000 per bitcoin last month, up from around $15,000 in November last year, as BlackRock mounted its leaked bitcoin plans.

Trade Bitcoins and Cryptocurrencies now on Coinbase the badge The approval to list crypto futures in the US has been described as a "big deal" and a "major milestone".

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More from Forbes' 'Greatest Rage Draw' - 'Shocking' Fed Warning Heralds Price Chaos for Bitcoin, Ethereum, XRP and Crypto By Billy Bambrough

Coinbase, a US cryptocurrency exchange in dispute with the Securities and Exchange Commission (SEC), has received approval to list cryptocurrency futures on the National Futures Association, an autonomous body whose authority derives from the Securities and Exchange Commission. US Received Commodity Futures Trading (CFTC).

"Securing FCM approval is our next step in bringing this transparent and secure marketplace to our clients so they can access our liquid spot market as well as regulated futures contracts," Greg Tusser, Coinbase's VP of Institutional Products, wrote in a blog post, adding that was a "major milestone".

"This is very good for Coinbase and should be very good for the cryptocurrency market," Christopher Perkins, president of cryptocurrency investment firm CoinFund and former head of Citigroup over-the-counter clearing, said in emailed comments.

After a turbulent first half of 2023, where the exchange was sued by the SEC for allegedly operating an illegal exchange and allowing investors to trade assets not registered as securities, Coinbase is celebrating two victories: price approval cryptocurrency futures and its new Layer 2 Ethereum protocol. Launching the foundation. .

“A critical moment in clarifying US crypto regulation,” Coinbase CEO Brian Armstrong wrote for CryptoCodex,

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Shares of Coinbase started the year at all-time lows but have since more than doubled, rebounding from a crash in the cryptocurrency's price that turned into an explosion of ex-FTX, a favorite of regulators.

"For someone like Coinbase, it's a huge win," Perkins told the Financial Times , calling the NFA's approval a "huge deal."

Neighbors called him crazy but he had the last laugh