Coinbase has signed a contract to have USDC, the second largest Stablecoin in the world, used as collateral for US futures trading. Cryptocurrency Exchange is also expanding its payment offering, according to a Bloomberg report.
“This is the first regulatory use case for USDC as collateral and we plan to leverage Coinbase Custody Trust as a custodian,” Coinbase Derivatives said in a announcement Wednesday. The integration is subject to approval by the Commodity Futures Trading Commission (CFTC). The newly announced collateral plan for USDC is not the first partnership between Coinbase and Nodal Clear. Last May,
In May, Nodal Clear began offering support for trading select cryptocurrency futures contracts on Coinbase Derivatives Exchange (CDE). These include Bitcoin Futures (BTI), Ether Futures (ETI), Nanobitcoin Futures (bit), and Nanoether Futures (ET).
“We are excited to work with Coinbase Derivatives to continue our relationship and provide innovation to the industry, including the introduction of our first 24×7 margin futures in May 2025,” said Paul Cusenza, Chairman and CEO of Nodal Clear. “The plan to integrate USDC as collateral represents our continued commitment to addressing and innovating the needs of the market. We look forward to working with Clearing Members and CFTC to make this a reality.”
That was the case earlier this week It has been reported Its Coinbase is seeking approval from the Securities and Exchange Commission (SEC) to provide blockchain-based stock. This move will enable Coinbase to effectively offer stock trading via blockchain technology.
