Coinbase Clearing Receives CFTC Approval for USDC-Collateralized Derivatives Settlement

Coinbase has announced that its subsidiary, Coinbase Clearing, has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as a Derivatives Clearing Organization (DCO). The platform is designed to support 24/7 settlement using USDC as collateral. This development completes the company's regulated derivatives infrastructure, allowing it to handle fully collateralized futures, options, and swaps internally. Coinbase plans to continue using existing partners for margin-based derivatives and future perpetual products.