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Coinbase Gets CFTC Approval For Its Own USDC-Native Clearinghouse

NewsBTC
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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

  1. Coinbase Clearing LLC has been registered by the CFTC as a Derivatives Clearing Organization.
  2. The approval allows it to clear fully collateralized futures, options on futures and swaps.
  3. Coinbase says the new clearinghouse will use USDC collateral and support 24/7 settlement.
Read Full Article on NewsBTC

Summary generated by IndiCrypto from NewsBTC. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.