Coinbase Secures CFTC DCO License for Full Derivatives Stack
Key Facts
Coinbase has received Derivatives Clearing Organization (DCO) approval from the U.S. Commodity Futures Trading Commission (CFTC). Reuters reported that the license allows the platform to list, broker, and clear fully collateralized derivatives products in-house, completing its vertical integration in the U.S. market.
COIN closed at $191.79 on September 28, 2026, having reached a day high of $198.78. The regulatory milestone enables the company to reduce reliance on third-party clearing houses and expand its institutional product suite.
Latest Updates · 3
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Update: Coinbase has begun accruing yields on its USDC reserves through the Hyperliquid protocol. The first payment for the associated Assistance Fund is scheduled to take place on October 3, 2026.
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Update: The platform's clearinghouse will utilize USDC as its primary collateral, featuring 24/7 settlement capabilities. This mechanism is designed to enhance the efficiency of the regulated derivatives markets operated by Coinbase in the U.S. market.
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Update: The new approval enables Coinbase to settle derivatives contracts 24/7. The license also permits the platform to utilize the USDC stablecoin as collateral for these transactions, enhancing the operational efficiency of its direct clearing services.