Coinbase becomes the first futures commission merchant in the United States to be regulated by the CFTC

According to Coinbase's announcement, on May 29th, Coinbase became the first futures commission merchant (FCM) in the United States to be regulated by the Commodity Futures Trading Commission (CFTC), providing US clients with compliant access to the global cryptocurrency derivatives market, including perpetual contracts and options. Coinbase Financial Markets connects US institutional clients to platforms such as Deribit through a single CFTC regulated FCM.