Coinbase to launch CFTC-compliant perpetual futures trading in US
-Coinbase plans to launch perpetual futures trading in the United States, with the offering set to comply with regulatory standards outlined by the Commodity Futures Trading Commission, a top executive at the crypto exchange said on Thursday.With crypto markets buoyed by hopes of lighter regulation and a renewed risk appetite, exchanges are racing to capitalize on the frenzy by rolling out complex products that were once used primarily by seasoned traders."We recently launched first-of-its-kind 24/7 futures trading, and I'm excited to share that we'll soon be launching CFTC-compliant perpetual futures trading in the U.S. as well," Max Branzburg, Coinbase 's vice-president of product, said at the State of Crypto Summit in New York.Perpetual futures are crypto derivatives that allow traders to bet on token prices without an expiry date and offer round-the-clock access and high leverage, making them a popular choice in fast-moving markets.Investors and traders typically use derivatives to hedge risk, amplify returns, or speculate on price movements without owning the underlying asset.
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Indian Express
7 hours ago
- Indian Express
Mexico set to discuss US tariffs with Canada as ministers visit
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Mint
17 hours ago
- Mint
Mexico might be the shortcut exporters need to bypass US tariffs
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Such disturbances are not uncommon in the region. Instead, global attention is fixed on Mexico because it alone has secured a 90-day window to finalize tariff terms with the US, even after the 1 August deadline has expired. This rare grace period is significant: it will delay investment decisions in many countries that export to the US and stall tariff-jumping investments into the US itself. Investors are in wait-and-watch mode. Also Read | Trump vows higher tariffs, India responds At present, Mexican exports of steel and copper to the US are subject to a 50% duty, just like similar imports from elsewhere. Automobiles and goods that are not compliant with the US-Mexico-Canada Agreement (USMCA) face a 25% tariff. In contrast, goods that meet USMCA requirements attract low or zero tariffs. For compliance, at least 75% of the value of the good must originate in the region covered by the agreement. To prevent someone from importing a good into Mexico at, say, $25 and then exporting it to the US at a marked-up value of $100—technically satisfying the 75% value-add requirement—the USMCA also demands substantial transformation of the good. This means the finished product must fall under a different customs classification from the imported input. If the US, at the end of this 90-day window, agrees to impose an import duty of just 5% (or even 10%) on non-USMCA-compliant imports from Mexico, it would create a compelling incentive for exporters from high-tariff countries to set up plants in Mexico rather than within the US, to bypass steep duties. Consider pineapples. Under the Harmonized System of Nomenclature (HSN), fresh pineapples are coded 08043000, while canned pineapple is classified as 20082000. Costa Rica, the world's largest exporter of pineapples, currently faces a 15% US import duty. 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But if nearly the same benefit can be gained by investing in a nearby lower-cost country with a concessional duty regime, companies might prefer that route. They get access to the target market while saving on labour and operating costs. Switzerland, for instance, faces a 39% tariff, the highest in Europe. It's a major exporter of optical, technical, and medical equipment to the US. If its attempts to negotiate a better deal by offering to invest heavily in the US fall through, it may have to shift production to North America. If Mexico secures a favourable tariff deal, Swiss firms would likely prefer producing in Mexico over the higher-cost US. Similarly, if Donald Trump withdraws the current exemption on pharmaceuticals and starts applying country-specific duties rather than sector-specific ones, Indian pharmaceutical companies may also find it worthwhile to relocate some US-focused production to Mexico. 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Time of India
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- Time of India
Coinbase CEO Brian Armstrong reveals why his Spotify playlist is 7-hour-long
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