CFTC approves Coinbase clearing organisation

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The US Commodity Futures Trading Commission (CFTC) has approved Coinbase Clearing LLC as a derivatives clearing organisation (DCO).

The approval gives Coinbase control of a regulated clearing operation alongside its existing futures commission merchant and designated contract market registrations.

Coinbase Clearing will handle fully collateralised futures, options on futures and swaps. Leveraged products will continue to be cleared through external partners.