Coinbase Completes Derivatives Stack with CFTC Approval

Coinbase has received approval from the US Commodity Futures Trading Commission (CFTC) to offer derivatives on its platform. This marks a significant milestone for Coinbase, which now offers a full range of trading products, including spot, options, and futures.

The CFTC's Division of Market Oversight (DMO) has approved Coinbase's designation as a Designated Contract Market (DCM), allowing the exchange to list and trade derivatives on its platform. This approval is seen as a key step towards Coinbase expanding its offerings and increasing its market share in the US.

Coinbase was founded in 2012 and has since grown into one of the largest cryptocurrency exchanges globally. The company's approval from the CFTC follows a thorough review process, which included scrutiny of its business practices and risk management procedures.