Coinbase (COIN) Stock: What the New CFTC Clearing License Means

The CFTC approved Coinbase Clearing LLC as a registered derivatives clearing organization on September 28, completing Coinbase's three-part U.S. derivatives setup covering exchange, brokerage, and clearing. The clearinghouse handles only fully collateralized futures, options on futures, and swaps, using USDC as collateral, and excludes leveraged products.