Coinbase Now Owns Every Layer of Its Derivatives Stack After CFTC Approval
60-second summary
Coinbase announces that, after receiving CFTC approval, its Coinbase Clearing unit will accept USDC as collateral and settle trades continuously, while still relying on partner firms for margined products; this integration gives the exchange full ownership of every layer in its derivatives stack, strengthening operational control and potentially boosting liquidity and confidence across the crypto derivatives market.
Coinbase Clearing will take USDC as collateral and settle around the clock, though margined products stay with partners.