January 4, 2024

VIA CFTC Electronic Portal

Mr. Christopher J. Kirkpatrick

Secretary of the Commission

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, NW

Washington, DC 20581

Re: CFTC Regulation 40.6(d) Weekly Notification of Fee Changes and Name Change

Coinbase Derivatives Submission #2024-1

Dear Mr. Kirkpatrick:

Pursuant to Commodity Futures Trading Commission (“CFTC” or “Commission”) Regulation

40.6(d), Coinbase Derivatives, LLC (the “Exchange”) hereby submit this Weekly Notification of

the following changes implemented during the week of December 18, 2023:

● Posting of the new Fee Schedule due to delisting of the Micro Bloomberg US Large Cap

Index Futures and the Nano Bloomberg US Large Cap Index Futures effective

December 21, 2023 (filed as 2023-17).

● Legal name change from “LMX Labs, LLC” to “Coinbase Derivatives, LLC” effective

December 21, 2023.

The Exchange notes that the incidental amendments resulting from the change to the

Exchange’s name (e.g., changes to the Exchange Rulebook, LLC Agreement) are

non-substantive in nature and do not have any material impact on the operation of the

Exchange or substance of the Exchange’s Rules.

The Exchange certifies that this submission has been concurrently posted on the Exchange’s

website at: https://www.coinbase.com/derivatives. If you have any questions or require any

further information, please contact me at jane.downey@coinbase.com.

Sincerely,

/s/

Jane Downey

Chief Regulatory Officer

Attachments: Appendix A

Appendix B

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APPENDIX A

Fee Schedule

(additions underlined; deletions stricken-through)

As of December 22, 2023

LMX Labs, LLC, operator of Coinbase Derivatives, LLC charges fees according to the below

schedule:

Fees Charged Per Side

Exchange Product Symbol Symbol

Market Maker Non-Pro Pro

Electronic Block Electronic Block Electronic Block

Bitcoin Futures BTI $0.45 $0.60 $0.75 $1.00 $0.75 $1.00

Ether Futures ETI $0.45 $0.60 $0.75 $1.00 $0.75 $1.00

nano Bitcoin Futures BIT $0.07 N/A $0.10 N/A $0.07 N/A

nano Ether Future ET $0.07 N/A $0.10 N/A $0.07 N/A

nano Bloomberg US Large Cap Index Futures B5 $0.30 N/A $0.02 N/A $0.05 N/A

Micro Bloomberg US Large Cap Index Futures LB5 $0.35 N/A $0.05 N/A $0.10 N/A

Micro Crude Oil Futures OIL $0.30 N/A $0.02 N/A $0.05 N/A

Delivery Fee All All $0.00 $0.00 $0.00

Market Data is free for all market participants.

*For purposes of determining the fee amount the following definitions apply:

Market Maker - Account in the name of any person that has signed a market maker agreement with LMX

Labs.

Non-Professional Trader - Account in the name of an individual or entity that is:

A. Not registered, qualified, or otherwise identified as a professional trader, market maker, liquidity

provider, money manager, commodity trading advisor, or investment adviser with any stock, commodities

or futures exchange or contract market, or with any financial regulatory authority;

B. Not engaged in brokerage, banking, investment, or financial activities, as part of their regular

course of business;

C. Not using a fully automated order generating computer system; and

D. Trading for its own account.

Professional Trader - Account in the name of any person that is not a Market Maker or a

Non-Professional Trader.

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APPENDIX A

Fee Schedule

(Clean)

As of December 22, 2023

Coinbase Derivatives, LLC charges fees according to the below schedule:

Fees Charged Per Side

Exchange Product Symbol Symbol

Market Maker Non-Pro Pro

Electronic Block Electronic Block Electronic Block

Bitcoin Futures BTI $0.45 $0.60 $0.75 $1.00 $0.75 $1.00

Ether Futures ETI $0.45 $0.60 $0.75 $1.00 $0.75 $1.00

nano Bitcoin Futures BIT $0.07 N/A $0.10 N/A $0.07 N/A

nano Ether Future ET $0.07 N/A $0.10 N/A $0.07 N/A

Micro Crude Oil Futures OIL $0.30 N/A $0.02 N/A $0.05 N/A

Delivery Fee All All $0.00 $0.00 $0.00

Market Data is free for all market participants.

*For purposes of determining the fee amount the following definitions apply:

Market Maker - Account in the name of any person that has signed a market maker agreement with LMX

Labs.

Non-Professional Trader - Account in the name of an individual or entity that is:

A. Not registered, qualified, or otherwise identified as a professional trader, market maker, liquidity

provider, money manager, commodity trading advisor, or investment adviser with any stock, commodities

or futures exchange or contract market, or with any financial regulatory authority;

B. Not engaged in brokerage, banking, investment, or financial activities, as part of their regular

course of business;

C. Not using a fully automated order generating computer system; and

D. Trading for its own account.

Professional Trader - Account in the name of any person that is not a Market Maker or a

Non-Professional Trader.

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