Coinbase Clearing LLC launches as CFTC-approved USDC derivatives clearinghouse
The CFTC registered Coinbase Clearing LLC as a derivatives clearing organization on September 28, 2026. It is the first USDC-native clearinghouse for regulated US derivatives.
- It is the first USDC-native clearinghouse for regulated US derivatives.
- The clearinghouse uses USDC for settlement and collateral for eligible derivatives products.
- It can clear fully collateralized futures, options on futures and swaps, not leveraged products.