Coinbase Receives CFTC Approval to Operate Clearing House

Coinbase has been granted approval by the U.S. Commodity Futures Trading Commission (CFTC) to register Coinbase Clearing LLC as a Derivatives Clearing Organization (DCO). This move completes the company's regulatory infrastructure for derivatives, alongside its existing Futures Commission Merchant (FCM) and Designated Contract Market (DCM) licenses. The new clearing house supports 24/7 settlement using USDC as collateral.