Wu Blockchain has learned that Coinbase announced it has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to register Coinbase Clearing LLC as its proprietary Derivatives Clearing Organization (DCO). With this, Coinbase has established a complete CFTC-regulated derivatives infrastructure, consisting of Futures Commission Merchant Coinbase Financial Markets, Designated Contract Market Coinbase Derivatives, and Clearing Organization Coinbase Clearing. Coinbase Clearing will support USDC as collateral and offer 24/7 settlement, enabling Coinbase to directly create and settle fully collateralized contracts. Some products will still rely on existing partners, including margin derivatives business and the upcoming single-stock perpetual contracts. https://(wublock123.com)/news/coinbase-receives-approval-from-cftc-to-register-as-a-coinbase-clearing-clearing-institution-69155