Coinbase Gets CFTC Approval For Its Own USDC-Native Clearinghouse

Coinbase Clearing LLC has been registered by the CFTC as a Derivatives Clearing Organization. The approval allows it to clear fully collateralized futures, options on futures and swaps. Coinbase says the new clearinghouse will use USDC collateral and support 24/7 settlement.
Key Takeaways
- Coinbase Clearing LLC has been registered by the CFTC as a Derivatives Clearing Organization.
- The approval allows it to clear fully collateralized futures, options on futures and swaps.
- Coinbase says the new clearinghouse will use USDC collateral and support 24/7 settlement.
Summary generated by IndiCrypto from NewsBTC. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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