Coinbase wins approval to offer crypto futures trading in US

FILE PHOTO: A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Coinbase Global said on Wednesday it had secured approval to offer cryptocurrency futures to U.S. retail customers, scoring a major regulatory win even as it battles a lawsuit from the Securities and Exchange Commission (SEC).

The move will allow Coinbase to offer bitcoin and ether futures directly to eligible U.S. customers. Until now, only its institutional clients could trade in such products.