Coinbase Receives CFTC Approval to Operate as Derivatives Clearinghouse in the U.S.

The U.S. Commodity Futures Trading Commission (CFTC) has authorized Coinbase Clearing LLC to act as a clearinghouse for derivatives. This approval completes Coinbase's regulatory infrastructure, allowing the exchange to offer, distribute, and settle certain fully collateralized contracts internally. However, leveraged products and perpetual futures will continue to be processed through external partners. The new entity joins Coinbase Derivatives LLC, which operates as a Designated Contract Market (DCM), and Coinbase Financial Markets, which holds a Futures Commission Merchant (FCM) license.