Coinbase Completes U.S. Crypto Derivatives Stack with CFTC Approval

Coinbase has secured the final regulatory piece it needed to operate a fully integrated U.S. derivatives business, after the Commodity Futures Trading Commission approved Coinbase Clearing LLC as a registered derivatives clearing organization.

The approval means Coinbase can now combine its existing futures commission merchant and designated contract market with its own clearinghouse, giving the exchange the ability to list, broker, and clear regulated derivatives within the same corporate stack.

This new structure also makes Coinbase Clearing the first U.S. clearinghouse built around USDC-native collateral and 24/7 settlement.