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      CFTC Approves Launch of Coinbase Clearing with USDC Collateral

      Coinbase Markets, a subsidiary of the cryptocurrency trading platform Coinbase, has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to launch Coinbase Clearing LLC. This new clearinghouse will utilize USD Coin (USDC) as its native collateral asset.

      The establishment of Coinbase Clearing is aimed at facilitating round-the-clock settlement for transactions. This development is part of Coinbase's broader strategy to enhance its regulated derivatives infrastructure, ensuring a comprehensive framework for its trading operations.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud