🇺🇸 Coinbase just got CFTC clearinghouse approval
This isn't just regulatory noise—it's infrastructure play. They can now clear their own derivatives without relying on third parties.
What this means:
• Direct margin control
• Faster product rollout for futures/options
• More competitive fees vs CME/traditional players
• Institutional on-ramp gets wider
Bullish for $COIN equity. Neutral-to-bullish for on-chain volume if they route more retail into perps. Watch how this pressures offshore CEXs.
This isn't just regulatory noise—it's infrastructure play. They can now clear their own derivatives without relying on third parties.
What this means:
• Direct margin control
• Faster product rollout for futures/options
• More competitive fees vs CME/traditional players
• Institutional on-ramp gets wider
Bullish for $COIN equity. Neutral-to-bullish for on-chain volume if they route more retail into perps. Watch how this pressures offshore CEXs.