Coinbase Unlocks Global Crypto Markets for U.S. Firms

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Regulated Market Access: Coinbase Financial Markets has become the first CFTC-regulated futures commission merchant to provide U.S. institutions with compliant access to global crypto derivatives, reducing reliance on offshore entities, thereby simplifying operational processes and lowering counterparty risks.
Derivatives Market Potential: According to Coinbase, crypto derivatives account for approximately 80% of global crypto trading volume, and the lack of a regulated pathway for U.S. institutions to participate in these markets will significantly enhance their market engagement and liquidity.
Deribit Options Integration: Coinbase has launched access to Deribit options, with plans to introduce additional contracts and collateral types, enabling U.S. institutions to quickly tap into over $31 billion in Bitcoin options open interest liquidity.
Ongoing Product Expansion: This rollout further enriches Coinbase's trading infrastructure, which already includes equities, futures, and prediction markets, with plans for retail client access in the future, demonstrating the company's ongoing commitment to market expansion.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	66966.59	69739.54	72654.1	75427.05	78341.61	81114.56	84029.12
Fibonacci	69739.54	71912.169	73254.421	75427.05	77599.679	78941.931	81114.56

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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