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Coinbase Clearing will take USDC collateral after CFTC approval

The change covers Coinbase Clearing's ability to accept USDC as collateral and settle around the clock, while margined products remain with partners.

Reported · Written up by our desk · Market Structure

Decrypt reports that Coinbase received CFTC approval for a change to its derivatives stack, giving Coinbase Clearing more of the role in handling collateral.

The update includes taking USDC as collateral and enabling around-the-clock settlement for eligible cleared activity.

However, the report says margined products will continue to be handled by Coinbase's partners rather than moving fully onto Coinbase Clearing.

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