Coinbase Gains CFTC Approval for Derivatives Operations

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Coinbase has received Designated Contract Market approval from the Commodity Futures Trading Commission. This allows the company to operate its derivatives infrastructure in-house, expanding its regulated offerings.

Key facts

• Coinbase has received Designated Contract Market approval from the Commodity Futures Trading Commission.
• This approval allows Coinbase to list, broker, and clear fully collateralized derivatives products internally.
• Coinbase previously held DCM status for crypto derivatives.
• The latest approval expands Coinbase's capabilities to include a broader range of derivatives.