Coinbase gets CFTC approval for US derivatives clearinghouse
60-second summary
Coinbase receives CFTC approval to operate a U.S. derivatives clearinghouse, matching Kraken’s move after its parent bought Bitnomial’s CFTC‑regulated exchange, clearinghouse and brokerage in May; the approval enables Coinbase to clear and settle crypto futures internally, reducing reliance on third‑party venues, which could lower costs, increase liquidity and accelerate institutional adoption across the derivatives market.
Coinbase joins Kraken in bringing US derivatives infrastructure in-house, after Kraken’s parent acquired Bitnomial and its CFTC-regulated exchange, clearinghouse and brokerage in May.