Coinbase approved by the CFTC to establish a derivatives trading intermediary in the US!

- Coinbase officially follows Kraken in bringing US derivatives trading infrastructure in-house.
- Kraken previously went through its parent company’s acquisition of Bitnomial, including the exchange, derivatives trading intermediary, and a CFTC-licensed brokerage, in May.
- This event marks a new legal milestone for leading crypto exchanges in the US, helping to develop a safer and more transparent derivatives market.

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Source: CoinTelegraph