Coinbase Approved by CFTC to Register as Derivatives Clearing Organization

Odaily News: Coinbase Clearing LLC has received approval from the U.S. Commodity Futures Trading Commission to register as a derivatives clearing organization, achieving a fully self-operated closed loop spanning brokerage, listing, and clearing.

The approval covers only fully collateralized futures, options, and swaps products, while leveraged derivatives still rely on third-party clearing. The clearinghouse will use USDC as collateral and support 24-hour settlement.