Coinbase Completes End-To-End Derivatives Infrastructure with CFTC Approval

Coinbase has secured CFTC approval for its derivatives clearing organization, Coinbase Clearing LLC. The move marks another step in the company's evolution from a crypto trading platform to operating financial market infrastructure.

The registration allows Coinbase Clearing LLC to clear fully collateralized futures, options on futures, and swaps, but not leveraged products. This control over core parts of its derivatives stack reinforces Coinbase's effort to operate more regulated market infrastructure in the US.

According to Molly Abraham, Coinbase's general counsel, 'Today's CFTC approval completes Coinbase's end-to-end derivatives infrastructure, enabling us to bring more regulated derivatives products to market with native USDC collateral and 24/7 settlement.'