Coinbase Pushes for Clarity on Perpetual Derivatives Regulatory Framework

Coinbase has filed a response to the CFTC and SEC on perpetual derivatives, arguing that regulatory overlap is hindering innovation in the US.

The exchange's core argument is that the current ambiguity between 'swap' and 'security-based swap' definitions creates jurisdictional fog, causing innovative derivatives products to be traded offshore instead of domestically.

Coinbase wants alternative compliance frameworks, a formal classification of equity perpetual derivatives as security futures, and permission for either CFTC or SEC-regulated exchanges to list securities-related event contracts.