🛸 CASE FILE #197

Coinbase Just Got Its Own CFTC-Approved Clearinghouse.

The CFTC has officially registered Coinbase Clearing to clear fully collateralized futures, options on futures and swaps.

Coinbase calls it the first USDC-native clearinghouse, built around USDC collateral and 24/7 settlement. The company says owning the clearing layer should help it launch new regulated derivatives faster.

Crypto’s 24/7 infrastructure is moving deeper into regulated U.S. markets.