Coinbase Clears Regulatory Hurdle with Launch of New Clearinghouse
Coinbase Markets, a subsidiary of cryptocurrency exchange Coinbase, has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to launch its own clearinghouse, Coinbase Clearing LLC.
The CFTC approval allows Coinbase Clearing to operate with USDC as its native collateral asset and enables 24/7 settlement. This marks a significant milestone in completing Coinbase's comprehensive regulated derivatives infrastructure.