Coinbase Gets CFTC Approval For Its Own USDC-Native Clearinghouse

Coinbase Clearing LLC received CFTC registration as a Derivatives Clearing Organization, enabling it to clear fully collateralized futures, options on futures, and swaps. The new clearinghouse will use USDC collateral and support 24/7 settlement, expanding Coinbase's derivatives infrastructure and integrating stablecoin collateral into regulated crypto derivatives markets.