Coinbase has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as a derivatives clearing organization for fully collateralized futures, options on futures and swaps. The authorization allows Coinbase to clear eligible products in-house without relying on a third-party clearer, but it does not certify any specific market and does not cover prediction markets. The approval could support Coinbase’s USDC-collateralized futures partnership with Nodal Clear, announced in June 2025. The CFTC has not disclosed the underlying assets or swap categories Coinbase may clear, according to Odaily.