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Fortune
Fortune
Ben Weiss

Coinbase to let retail users outside the U.S. trade Bitcoin and Ethereum futures on its Bermuda exchange

Brian Armstrong speaks at a conference in New York City. (Credit: Michael Nagle—Bloomberg/Getty Images)

The largest crypto exchange in the United States announced on Thursday that Bermuda's financial regulator has given it the green light to let retail traders outside the U.S. buy and sell perpetual futures.

As of Thursday, small-time investors, as opposed to only deep-pocketed institutional traders, will be able to apply to trade the risky financial products, which allow investors to speculate on the future price of an asset. Trading will begin in the coming weeks, Coinbase said in a blog post announcing the Bermuda news.

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