[Coinbase Approved by U.S. CFTC to Register as Clearing Organization Coinbase Clearing] According to an official announcement, Coinbase has announced that it has been approved by the U.S. Commodity Futures Trading Commission (CFTC) to register Coinbase Clearing LLC, the first clearinghouse to use USDC as native margin. This approval enables Coinbase to complete a full-stack layout of CFTC-regulated derivatives infrastructure, including the futures commission merchant Coinbase Financial Markets, the designated contract market Coinbase Derivatives, and now the derivatives clearing organization Coinbase Clearing. Coinbase stated that Coinbase Clearing supports USDC collateral and 24/7 settlement, designed for future around-the-clock markets.