Coinbase Secures Full CFTC Registration for Derivatives Clearing

Coinbase announced on September 28 that it has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as a derivatives clearing organization. Through its subsidiary, Coinbase Clearing, the exchange becomes the first to be authorized for clearing services using USDC as collateral. This milestone completes Coinbase's trio of major CFTC registrations, alongside its existing status as a futures commission merchant and a designated contract market.