The Commodity Futures Trading Commission’s Market Participants Division issued an interpretation and a no-action position in response to a request from Coinbase Financial Markets, Inc., confirming that certain perpetual digital commodity contracts listed on affiliated foreign board of trade Deribit FZE may, consistent with the May 29, 2026 order approving KalshiEX LLC BTCPERP Futures Contract, be categorized as foreign futures under Regulation 30.1 and stating that, subject to specified conditions, staff will not recommend enforcement action if Coinbase posts customer-owned digital commodities and payment stablecoins with its foreign broker affiliate to margin foreign futures and foreign options positions on that market where the broker has obtained a right of re-use over the assets.
Commodity Futures Trading Commission2026-05-29
Commodity Futures Trading Commission treats certain Deribit perpetuals as foreign futures and gives Coinbase no-action relief on digital asset margining
The CFTC’s Market Participants Division issued an interpretation and no-action position to Coinbase Financial Markets, Inc., confirming that certain perpetual digital commodity contracts listed on affiliated foreign board of trade Deribit FZE may be treated as foreign futures under Regulation 30.1, consistent with the May 29, 2026 KalshiEX LLC BTCPERP Futures Contract order. Subject to conditions, staff will not recommend enforcement if Coinbase posts customer-owned digital commodities and payment stablecoins with its foreign broker affiliate to margin foreign futures and options positions where the broker has a right of re-use over the assets.