On September 28, Coinbase announced that it has received registration approval from the US Commodity Futures Trading Commission (CFTC) as a derivatives clearing organization. Its subsidiary, Coinbase Clearing, has been authorized as the first clearing organization to use USDC as collateral.
Coinbase already holds registrations as a futures commission merchant through Coinbase Financial Markets and as a designated contract market through Coinbase Derivatives. With this latest approval, it now possesses all three major registrations...