Coinbase Gets CFTC Approval For Its Own USDC-Native Clearinghouse
TL;DR Coinbase Clearing LLC has been registered by the CFTC as a Derivatives Clearing Organization. The approval permits it to clear totally collateralized futures, choices on futures and swaps. Coinbase says the brand new clearinghouse will use USDC collateral and assist 24/7 settlement. Coinbase has crammed within the last piece of a U.S. derivatives stack…
