Coinbase gets CFTC approval for US derivatives clearinghouse

Crypto Insight Summary: Coinbase joins Kraken in bringing US derivatives infrastructure in-house, after Kraken’s parent acquired Bitnomial and its CFTC-regulated exchange, clearinghouse and brokerage in May. Crypto Insight Analysis: Direction: Bullish COIN Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Derivatives expansion boosts Coinbase's revenue potential and market positioning.