The US Securities and Exchange Commission's sister agency, the Commodity Futures Trading Commission (CFTC), has granted Coinbase permission to operate an in-house derivatives clearinghouse. This move will allow Coinbase to process fully collateralized contracts, marking a significant step towards expanding its offerings. The CFTC's approval is a key regulatory hurdle cleared by Coinbase in its efforts to expand its derivatives product suite. The new clearinghouse will initially focus on fully collateralized contracts, with plans to eventually offer margined futures and single-stock perpetuals through external partners.
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Defiant. Read the full original report at the link above.