Coinbase Derivatives, Nodal Clear Plan to Use USDC as Collateral for Futures Trades
- Coinbase Derivatives and Nodal Clear plan to enable the USDC stablecoin to be used for margining in regulated U.S. futures markets by 2026.
- This collaboration began to integrate USDC into the regulated clearing and trading system, subject to Commodity Futures Trading Commission approval.
- Nodal Clear, a CFTC-regulated clearinghouse owned by Deutsche Börse's EEX group, supports Coinbase Derivatives' existing crypto futures market infrastructure.
- Coinbase CEO Boris Ilyevsky called this a "meaningful milestone" aiming to make USDC a "true cash equivalent" that enhances trading and operational efficiency.
- The approval and integration of USDC as collateral is expected to increase market liquidity, improve transaction speed, and bridge crypto with traditional finance.
23 Articles
23 Articles
Coinbase Derivatives Aims to Use USDC as Collateral - Markets Media
Coinbase Derivatives and Nodal Clear are partnering to integrate USDC as collateral for US futures trading, working with the CFTC to bring this to market. This is expected to be the first regulated use case of USDC as collateral and will leverage Coinbase Custody Trust as the custodian. As part of a multi-year renewal agreement, Coinbase Derivatives, a CFTC-regulated designated contract market, and Nodal Clear are partnering to integrate USDC as…
Coinbase Introduces Circle's USDC Stablecoin As Collateral In US Futures
US-based cryptocurrency exchange Coinbase, has announced a partnership with Derivatives Clearing Organization (DCO) Nodal Clear to integrate Circle’s USDC stablecoin as collateral for futures trading. USDC Set To Become Regulated Collateral According to the official announcement released on Wednesday, Coinbase Derivatives, LLC, which operates as a designated contract market regulated by the Commodity Futures Trading Commission (CFTC), will work…
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