Coinbase Receives CFTC Approval for US Derivatives Clearinghouse

Coinbase has secured approval from the Commodity Futures Trading Commission (CFTC) to operate a derivatives clearinghouse in the United States. This move follows Kraken's recent acquisition of Bitnomial, which included a CFTC-regulated exchange, clearinghouse, and brokerage, as major exchanges look to bring derivatives infrastructure in-house.