PANews reported on May 29th that Coinbase Financial Markets, a subsidiary of Coinbase, received guidance from the CFTC , becoming the first and currently only regulated futures commission merchant (FCM) in the United States, providing US clients with access to global crypto perpetual contracts and options liquidity. Previously, US institutions wishing to trade Bitcoin options and crypto perpetual contracts on platforms like Deribit had to go through offshore entities, facing fund diversification and additional counterparty risk. This new solution allows institutions to access major global crypto derivatives markets through a single regulated channel. It currently supports Deribit Bitcoin options and plans to expand contract and collateral types, launch perpetual contracts, and gradually open to retail clients.