🇺🇸HUGE: The CFTC has OFFICIALLY approved Coinbase's own clearinghouse, built for USDC collateral and 24/7 settlement.
Coinbase Clearing is now registered to clear fully collateralized futures, options on futures and swaps, per the CFTC's order.
Coinbase says clearing these contracts directly should speed up development of new regulated products.
It calls Coinbase Clearing the first USDC-native clearinghouse, though it will still use outside partners for some products, including its planned single-stock perps.
#CFTC #coinbase #USDC
Coinbase Clearing is now registered to clear fully collateralized futures, options on futures and swaps, per the CFTC's order.
Coinbase says clearing these contracts directly should speed up development of new regulated products.
It calls Coinbase Clearing the first USDC-native clearinghouse, though it will still use outside partners for some products, including its planned single-stock perps.
#CFTC #coinbase #USDC
