According to CoinMeta, CFTC has approved Coinbase to become a derivatives clearing organization, with the scope of application covering fully collateralized futures, futures options, and swaps. Once approved, Coinbase will be able to clear related derivatives on its own without the need for third-party intervention. This approval does not certify any specific market and does not involve predictive markets. Coinbase and Nodal Clear announced in June 2025 that their plan to launch futures cooperation using USDC as collateral is expected to come to fruition. The underlying assets of the related derivatives and the types of swaps that can be cleared have not been disclosed.