Regulation· ★★★★· bullish·

CFTC Approves Coinbase as a Derivatives Clearing Organization

  • —CFTC approved Coinbase's DCO application on Sept. 28, 2026
  • —Approval covers fully collateralized futures, options on futures and swaps
  • —No specific markets or underlying assets were certified
  • —Paves the way for USDC-collateralized futures with Nodal Clear and perps
Why it matters: Coinbase can now clear derivatives without third-party intermediaries, strengthening its hand against venues that outsource clearing.
Source: DeFi Rate