Per an official post, crypto exchange Coinbase received permission from the US National Futures Association (NFA) to offer Bitcoin and Ethereum futures in the country. An organization designated by the Commodities and Futures Trading, the NFA granted permission to the crypto exchange, making it the first within the country.

CFTC Gets Ahead Of The SEC? Coinbase Celebrates

According to the official post, the new authorization will allow the crypto market to access “broader participation.” US citizens were previously cut-off from crypto futures trading.

In that sense, the crypto company called the decision a “watershed moment” for the nascent industry. Coinbase said:

(…) we are pleased to announce that approval has been secured, which will allow eligible US customers to access …