CySEC Regulated Coinbase Expands OTC Derivatives Offering Across the EEA Coinbase, a cryptocurrency exchange regulated by the Cyprus Securities and Exchange Commission (CySEC), has launched over-the-counter derivatives products for users in the European Economic Area (EEA). The offering, its first under a MiFID II licence obtained earlier this year through the acquisition of BUX Cyprus, allows traders to access both cryptocurrency and traditional market exposure through regulated financial instruments. The contracts are available to Coinbase Advanced users in 26 countries, including Germany, France, and the Netherlands. The new product lineup includes futures contracts tied to Bitcoin and equity-index products that combine exposure to the so-called Magnificent Seven stocks—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla—with crypto-linked equities and BlackRock iShares exchange-traded funds tied to Bitcoin and Ether. These contracts are designed to provide traders with diversified investment opportunities, blending traditional asset classes with cryptocurrency assets. Coinbase has introduced two types of cash-settled futures contracts. One type is perpetual-style futures with five-year expiries, while the other includes dated contracts with monthly or quarterly expiries. Traders can access up to 10x leverage on certain products, though fees start at 0.02% per trade. The offering reflects the exchange’s strategy to expand its services in Europe, where regulatory frameworks like MiFID II have created a more structured environment for derivatives trading. This expansion follows similar moves by other crypto exchanges, such as Kraken, which began offering derivatives under a MiFID II licence after acquiring a Cyprus-based entity last year. Other firms with European crypto licences include Crypto.#blackrock #coinbase #mifid_ii #cysec #eea
