Coinbase Wins CFTC Approval to Operate US Derivatives Clearinghouse

Source Summary

Coinbase has received regulatory approval from the US Commodity Futures Trading Commission to operate a derivatives clearinghouse domestically. The approval follows Kraken's parent company's acquisition of Bitnomial and its CFTC-regulated exchange, clearinghouse, and brokerage in May, bringing similar infrastructure in-house for both platforms.

Why it matters

Domestic clearinghouse approval enables Coinbase to reduce reliance on external infrastructure providers and strengthens its position in US crypto derivatives markets.

Read the Source

• Cointelegraph ↗