Coinbase Receives CFTC Approval to Register Coinbase Clearing
Coinbase has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to register Coinbase Clearing LLC, becoming a designated clearing organization (DCO) for its own derivatives. Coinbase Clearing will support USDC as collateral and provide 24/7 settlement, allowing Coinbase to directly create and settle fully collateralized contracts. Some products will still rely on existing partners, including margin derivatives business and the upcoming individual stock perpetual contracts.
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