Coinbase gets CFTC approval for its derivatives clearinghouse
The Block reports that the approval completes Coinbase’s ability to list, broker and clear fully collateralized derivatives in-house. Its clearinghouse cannot clear leveraged products.
TLDR
The Block reports that the CFTC approved the registration of Coinbase Clearing LLC on September 28. Citing the CFTC, it says the clearinghouse may handle only fully collateralized futures, options on futures and swaps. Coinbase says it will continue using partners for margined derivatives and its planned single-stock perps.
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First seen 6h ago