Coinbase already distributes Kalshi’s prediction markets but the new licence covers only fully collateralised futures, options & swaps.
The hit
The CFTC has approved Coinbase’s application to become a derivatives clearing organisation, the regulator said in a notice posted on 28 September 2026. The approval covers fully collateralised futures, options on futures & swaps, but does not certify any specific markets, including prediction markets, according to DeFi Rate.
Why it matters
For traders, the approval means Coinbase can clear more derivatives itself rather than relying on third parties, which could cut costs & speed up new product launches. But the silence on prediction markets matters: Coinbase currently offers that trading only as a distribution partner for Kalshi, so its own regulatory standing there remains unresolved.
The record
| CFTC approval date | 28 September 2026, per CFTC notice |
|---|---|
| Scope of approval | Fully collateralised futures, options on futures & swaps (CFTC) |
| Coinbase-Nodal Clear partnership | Announced June 2025, aims to bring USDC-collateral futures to market |
| Coinbase acquisition | The Clearing Company, acquired December 2025 |
| Tokenised trading cards | Pokémon card packs announced, physical card backs each digital pull |
What happens next
Watch for Coinbase to confirm which futures & swaps it will clear first, including any USDC-collateral products tied to the Nodal Clear partnership, & whether the CFTC later addresses prediction market clearing directly.
Sources: CFTC Approves Coinbase for Derivatives Clearing
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