[Coinbase Clearing Business Officially Approved by CFTC, Will Support USDC Collateral and 24/7 Settlement] BlockBeats News, September 29: Coinbase announced that the U.S. Commodity Futures Trading Commission (CFTC) has approved the registration of Coinbase Clearing LLC as a Derivatives Clearing Organization (DCO). Coinbase stated that this entity is the first clearinghouse to use USDC as a native collateral asset, supporting USDC collateral and 24/7 continuous settlement. With this approval, Coinbase now possesses a comprehensive CFTC-regulated derivatives infrastructure, encompassing the futures commission merchant Coinbase Financial Markets, the designated contract market Coinbase Derivatives, and the derivatives clearing organization Coinbase Clearing. This enables coverage across brokerage, trading, and clearing processes. Coinbase Clearing will allow the platform to directly create and settle fully collateralized contracts, accelerating product development and improving operational efficiency. Coinbase also noted that its margin derivatives business and the upcoming single-stock perpetual contracts will continue to receive partial support from existing partners. The company plans to further enhance its current product infrastructure and expand market access for regulated products in the future.