Coinbase Wins CFTC Approval for USDC-Native Clearinghouse and 24/7 Settlement
Coinbase has won CFTC approval for its own clearinghouse, letting it settle certain fully collateralized derivatives with USDC around the clock. It’s a real infrastructure win, but the approval is narrow, and the sexier products like margined trades and single-stock perps still aren’t in the clear.
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