Approved by the CFTC, Coinbase Clearing Registers as the First Clearinghouse with USDC as Native Margin

Odaily News: Coinbase has announced that its subsidiary, Coinbase Clearing LLC, has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to register as the first clearinghouse with USDC as native margin. This approval enables Coinbase to complete its derivatives infrastructure layout regulated by the CFTC, covering futures commission merchant Coinbase Financial Markets, designated contract market Coinbase Derivatives, and derivatives clearing organization Coinbase Clearing.

Coinbase Clearing supports USDC collateral and 24/7 settlement.