Coinbase Secures Full Derivatives Clearing Approval

The CFTC has authorized Coinbase Clearing to act as a Futures Commission Merchant (FCM), allowing the exchange to handle its own derivatives clearing directly.

The top 3

1. USDC Integration as Primary Collateral: Coinbase Clearing will now accept USDC directly as collateral for derivatives positions, streamlining capital efficiency for traders. USDC
2. 24/7 Settlement Implementation: The new clearinghouse infrastructure enables round-the-clock settlement, moving away from traditional banking hour constraints.
3. Partner Dependency Reduction: While Coinbase now clears its own trades, it continues to rely on strategic partners for specific margined product risk management. Coinbase

Sources

• Coinbase Official Blog

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