Federal Register #SR-COIN-2026-002

SEC Notice of Proposed Rule Change for Coinbase Derivatives, LLC Cash-Settled Futures Rules

This SEC notice announces a proposed rule change from Coinbase Derivatives, LLC regarding cash-settled futures on individual equity securities and ETF shares. - Government buyer: - Securities and Exchange Commission (SEC) - OEMs and vendors mentioned: - Coinbase Derivatives, LLC - Nodal Clear, LLC (designated clearing house) - Products/services requested: - No products or services are being procured; this is a regulatory rule change - Notable requirements: - Adoption of new rules for listing, trading, clearing, adjustment, and settlement of cash-settled futures - Rules cover perpetual single-stock futures and ETF futures - Establishes listing standards, contract terms, corporate action adjustment procedures, and trading, clearing, and settlement rules - Registration of Coinbase Derivatives, LLC as a national securities exchange for security futures products - No procurement activity or contract opportunity is present in this notice

Description

This notice from the Securities and Exchange Commission announces the filing and immediate effectiveness of a proposed rule change by Coinbase Derivatives, LLC. The rule change involves adopting new rules governing cash-settled futures on individual equity securities and exchange-traded fund shares, including perpetual single-stock futures. The proposed rules establish listing standards, contract terms, corporate action adjustments, and trading, clearing, and settlement rules for these futures products. The filing is part of Coinbase Derivatives, LLC's registration as a national securities exchange for security futures products.

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