Coinbase Receives CFTC Approval for Proprietary Clearinghouse

Coinbase has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to launch Coinbase Clearing LLC, a clearinghouse for fully collateralized futures, options on futures, and swaps. The new entity allows Coinbase to handle its own clearing for derivatives using USDC as collateral, enabling 24/7 settlement. This development completes the company's regulated derivatives infrastructure in the U.S., though leveraged products are excluded from this specific authorization.