Coinbase and Robinhood Futures Arms Now Hold More Client Money Than the US Retail Forex Pool

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Data from the Commodity Futures Trading Commission (CFTC) shows that the futures commission merchant (FCM) arms of crypto giants Coinbase and Robinhood held $581.4 million in segregated client funds at the end of August. This surpasses the $470 million total held by all six registered U.S. retail forex dealers in the same period. Over the last two years, client balances at Coinbase Financial Markets and Robinhood Derivatives grew exponentially from just $40.3 million, officially overtaking total retail forex deposits earlier this year.