Coinbase Clears Regulatory Hurdle with USDC-Native Clearinghouse Approval

The US Commodity Futures Trading Commission (CFTC) has officially approved Coinbase Clearing, a USDC-native clearinghouse designed for 24/7 settlement. This approval allows Coinbase to directly clear fully collateralized features, options on futures, and swaps.

With this new development, Coinbase can now provide a more efficient and streamlined process for its customers to settle their trades in real-time. The use of USDC as the native currency is expected to reduce transaction costs and increase the speed of settlement.