CFTC Approves Coinbase Clearinghouse for Fully Collateralized Contracts

The CFTC has approved Coinbase Clearing LLC as a derivatives clearing organization, restricted to fully collateralized futures, options, and swaps. This approval allows Coinbase to operate as an end-to-end derivatives provider, utilizing USDC as native collateral for 24/7 settlement. The company will continue to rely on existing partners for margined derivatives and planned single-stock perpetual futures, as the new clearinghouse does not support leveraged trading.