Coinbase Global (COIN) said it has received approval from the Commodity Futures Trading Commission to launch Coinbase Clearing LLC, a registered derivatives clearing organization.
The approval completes Coinbase's US derivatives infrastructure, alongside its futures commission merchant and derivatives exchange, the company said Monday. Coinbase Clearing will use USDC as collateral and support 24/7 settlement.
Coinbase said the new clearinghouse will allow it to directly create and settle fully collateralized contracts, supporting faster product development and the launch of additional regulated products over time.
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