Coinbase launches USDC-backed derivatives clearinghouse after CFTC approval
Coinbase received CFTC registration for an in-house clearing unit that will settle fully collateralized futures and swaps using USDC.
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Coinbase received CFTC registration for an in-house clearing unit that will settle fully collateralized futures and swaps using USDC.
Coinbase has obtained CFTC approval to launch Coinbase Clearing LLC, enabling it to clear fully collateralized crypto futures and swaps in the United States.
Bitcoin stayed within an $83,000-$85,000 band despite a sharp rise in U.S. Treasury yields and a $1.7 billion drop in leveraged exposure.
The CFTC’s latest guidance lets commodity firms invest client funds in tokenized assets and use blockchain for official recordkeeping.