Coinbase Gets Green Light to Launch USDC-Native Derivatives Clearinghouse

Coinbase has secured approval from the Commodity Futures Trading Commission (CFTC) to launch Coinbase Clearing LLC, its own derivatives clearinghouse.

The CFTC approved the registration on September 28, making it the first clearinghouse built natively around USDC.

Coinbase said the new Derivatives Clearing Organization is built natively around USDC, uses USDC as collateral, and settles trades 24/7.

Molly Abraham, general counsel at Coinbase, noted that 'Today's CFTC approval completes Coinbase's end-to-end derivatives infrastructure, enabling us to bring more regulated derivatives products to market with native USDC collateral and 24/7 settlement.'