Coinbase Receives CFTC Approval for Coinbase Clearing

Coinbase has officially received approval from the U.S. Commodity Futures Trading Commission (CFTC) to register Coinbase Clearing LLC, the first clearinghouse to use USDC as native collateral. This approval completes Coinbase's full-stack infrastructure for CFTC-regulated derivatives, joining Coinbase Financial Markets and Coinbase Derivatives. The new entity supports USDC collateral and 24/7 settlement, aiming to facilitate round-the-clock market operations.