At a time when segments of the U.S. crypto industry are retreating offshore amid accusations of “regulation by enforcement,” Cboe Digital president John Palmer described the development as a step forward during a time of uncertainty. Editor's note The headline has been updated from the original version to indicate Learn more Coinbase hasn’t specifically filed an application to trade futures. Rather, applying for NFA membership is the first step to doing so. Last week, Coinbase, the world’s second-largest crypto exchange, revealed that the Securities and Exchange Commission had notified it of its intent to bring charges as the regulator and the industry face off over which crypto tokens must be registered as securities. Only qualified traders can trade margins on FTX US. This actually means that the threshold for trade must be met. Once the user account becomes qualified, customers can access up to 10x the leverage in spot markets on this platform.