Coinbase wins CFTC clearance after closing $2.9B Deribit deal

what happened

TradingView reports that Coinbase Global, Inc. Class A (NASDAQ:COIN) secured CFTC approval for Coinbase Clearing LLC to operate as a derivatives clearing organization. The authorization allows Coinbase to clear and settle regulated derivatives through its own infrastructure. The company also completed its $2.9B purchase of Deribit in Aug 2025. As of Sept 30, Deribit had more than $30B in bitcoin-options open interest and over $1T in annual trading volume.

Coinbase’s USDC can now be used in Samsung’s mobile wallet, with Samsung biometric authentication supporting transfers. The initial rollout covers identity-verified users in the US, while Samsung has indicated that broader payment use and availability could come later. Coinbase plans to bring options to Coinbase Prime in the coming weeks. Retail customers outside the U.S. are due to get access afterward, and the company’s timeline calls for U.S. retail options access by year-end.

Coinbase is due to report Q3 2026 results, with estimates pointing to a $0.20/share loss and revenue of about $1.77B. Its shares are down ~50% over the past 12 months. Ahead of the report, Morgan Stanley raised its target to $258, Barclays to $149, Goldman to $244, BTIG to $240 and Bank of America to $203. Goldman Sachs described the current share price as an attractive entry point for traders and cited a possible SEC exemption. A Coinbase executive said the CFTC decision may shorten the path to regulated crypto products and broaden services for institutional clients.

Coinbase was also named in a 2026 Wisconsin civil case concerning prediction-market activity, amid wider regulatory actions against companies operating in that area. COIN rose as much as 2.8% in morning trading after a Bank of America note, as traders focused on the earnings release and possible target revisions. TradingView cautions that its summary was generated by AI and may contain inaccuracies.

why it matters

The item combines new regulated-clearing capacity and a major options platform with earnings, litigation and regulatory developments that may influence how markets assess Coinbase.

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