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Coinbase Clearing LLC gets CFTC approval, enabling USDC-based 24/7 derivatives clearing in the US.

Market News
29 Sep 2026, 12:51 WIB
TheNewsCrypto
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Bullish
Coinbase Clearing LLC gets CFTC approval, enabling USDC-based 24/7 derivatives clearing in the US.

Coinbase Clearing LLC has received approval from the Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organisation, making it the first USDC-native clearinghouse in the US. This approval completes Coinbase's fully integrated, CFTC-regulated derivatives platform, allowing it to clear and settle contracts natively in USDC with 24/7 availability. This reduces reliance on third-party clearinghouses, enabling faster product launches and more efficient operations. The clearinghouse supports fully collateralized futures, options on futures, and swaps, designed for markets that operate continuously, including weekends. Coinbase's use of USDC as collateral simplifies settlement by eliminating fiat-crypto conversion friction and provides a scalable foundation for future regulated crypto derivatives products.

The news on Coinbase Clearing's CFTC approval for USDC-native derivatives comes alongside a broad positive trend in major cryptocurrencies on Pluang. As of Sep 29, 2026 17:02 WIB, 42 of 50 major cryptocurrencies rose while 7 fell. Among notable movers, Dogecoin gained 3.55% to Rp1.719 with a typical hold time of 109 days, contrasting with COTI which dropped 4.06% to Rp233 and has a longer hold time of 120 days. Tezos also rose 3.48% to Rp5.732, with similar order activity to Dogecoin at 41% Sell / 59% Buy.

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