Coinbase receives DCO approval from CFTC, completing full derivatives stack

60-second summary

Coinbase secures CFTC approval for a Designated Contract Market, finalizing its derivatives stack and enabling the exchange to list, broker and clear fully collateralized contracts internally. The authorization removes reliance on third‑party venues, potentially lowering costs and expanding product offerings. This regulatory milestone may boost Coinbase’s market share and attract institutional traders seeking integrated, compliant derivatives solutions.