Coinbase Secures CFTC Approval for Derivatives Clearinghouse

Coinbase has received approval from the Commodity Futures Trading Commission (CFTC) to operate its own derivatives clearinghouse, Coinbase Clearing LLC. This move completes the exchange's vertically integrated US trading infrastructure, allowing it to clear fully collateralized futures, options, and swaps. While the new clearinghouse enhances efficiency for regulated products, Coinbase's planned single-stock perpetual futures will continue to rely on external partners and remain under separate regulatory review.