Coinbase launches regulated crypto derivatives in Canada

Coinbase has launched crypto derivatives trading in Canada, giving eligible users access to perpetual and dated futures tied to Bitcoin (BTC), Ether (ETH), Solana (SOL) and other assets.The products are offered through Coinbase Financial Markets, a futures commission merchant registered with the US Commodity Futures Trading Commission, which operates in Canada under foreign dealer and futures commission merchant exemptions.Coinbase said Wednesday that the offering includes 23 crypto perpetual and dated futures, five commodity futures and the Coinbase 50 Index. The company said it is the first major crypto-native platform to offer direct native crypto futures in Canada.Access is limited to eligible Canadian customers, including those with at least $5 million in net financial assets or registered investment advisers and dealers. The contracts use nano-sized positions and offer leverage of up to 10x.Related: BlackRock launches 2 Canada ETFs, with one allocating 3% to BitcoinUS trading platforms expand in CanadaThe Coinbase launch comes as US trading platforms broaden their crypto offerings in Canada.On Monday, US online brokerage Webull expanded crypto trading to Canadian customers us...