Latest news with #NodalClear
Finextra
a day ago
- Business
- Finextra
Coinbase is working with Nodal Clear on using USDC as collateral for futures trading
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. 0 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, LLC, a CFTC-regulated designated contract market, and Nodal Clear are partnering to integrate USDC as eligible collateral for futures targeting next year. This will mark a meaningful milestone in our push to establish USDC as a true cash equivalent, while also offering increased efficiency through near-instant money movement and secure custody. This also underscores USDC's reliability, operational advantages, and growing acceptance in traditional financial markets. Nodal Clear is a CFTC-regulated derivatives clearing organization, which is part of EEX Group, a Deutsche Börse company. As one of the most trusted stablecoins with transparent reserves and strong regulatory oversight, USDC aligns seamlessly with Nodal Clear's rigorous risk management framework, making it a natural fit for inclusion as eligible collateral. This is a significant advancement in the growth of our continued partnership with Nodal Clear. 'Our commitment to integrate USDC as collateral reflects our dedication to enhance trading capabilities for US market participants, improve operational efficiency through almost instant money movement, and ensure secure custody via Coinbase Custody Trust, a Qualified Custodian regulated by the New York Department of Financial Services.' - Boris Ilyevsky, CEO, Coinbase Derivatives, LLC 'Working with Coinbase Derivatives, we are excited to continue our relationship and provide innovation to the industry, such as our introduction of the first 24x7 margined futures in May 2025. The plans to integrate USDC as collateral represent our continued commitment to seek to be responsive to market needs and innovate. We look forward to engaging with our clearing members and the CFTC in seeking to make this a reality' - Paul Cusenza, Chairman and CEO, Nodal Clear As markets continue to evolve, stablecoins address a growing need for a more flexible and modern financial ecosystem. US regulators and legislators are making meaningful strides to support this new wave of innovation, evidenced by Congress's momentum toward passing landmark legislation that would affirm the cash equivalence of USDC and the CFTC's ongoing efforts to advance the recognition of stablecoins. The CFTC's Global Markets Advisory Committee, sponsored by current Acting Chairman Caroline D. Pham, on November 21st, 2024 advanced a recommendation to expand the use of non-cash collateral through the use of distributed ledger technology. The heightened focus and continued progress of regulators is paving the way for widespread adoption of USDC. Coinbase is proud to drive the next chapter forward with USDC at the core of revolutionizing the global financial system. Why USDC? USDC is a fully-reserved US dollar-backed stablecoin co-founded by Circle and Coinbase. As a regulated and widely adopted digital dollar, USDC enables near instant transactions and has become foundational infrastructure across both centralized and decentralized financial platforms. Its reliability and compliance-first framework make it uniquely suited for integration into traditional financial markets.
Crypto Insight
2 days ago
- Business
- Crypto Insight
Circle's USDC to become eligible collateral for US futures trading
Coinbase Derivatives is expanding its partnership with clearinghouse Nodal Clear to bring Circle's USDC stablecoin into US futures markets as eligible collateral. On Wednesday, the companies announced that USDC will now be accepted as collateral for margined futures trading, a move designed to encourage stablecoin adoption in regulated derivatives markets. The integration is subject to approval by the Commodity Futures Trading Commission (CFTC), with Coinbase Derivatives and Nodal Clear working with the authority to bring USDC to the US futures market. 'This is expected to be the first regulated use case of USDC as collateral and will leverage Coinbase Custody Trust as the custodian,' Coinbase Derivatives said in the announcement. 'A true cash equivalent' Coinbase Derivatives and Nodal Clear target the UDSC's debut as an eligible collateral for US futures sometime in 2026. Nodal Clear, a CFTC-regulated derivatives clearing organization, is part of EEX Group, which belongs to the German multinational corporation Deutsche Börse. Coinbase Derivatives is also a CFTC-registered designated contract market that lists for trading derivatives contracts based on an underlying commodity. 'This will mark a meaningful milestone in our push to establish USDC as a true cash equivalent, while also offering increased efficiency through near-instant money movement and secure custody,' Coinbase Derivatives said in the announcement, highlighting the stablecoin's reliability, operational advantages and growing acceptance in traditional financial markets. Nodal enabled clearing for Coinbase Derivatives in May The newly announced USDC collateral plan is not the first partnership between Coinbase and Nodal Clear. In May, Nodal Clear started offering support for trading of select cryptocurrency futures contracts on Coinbase Derivatives Exchange (CDE), including Bitcoin Futures (BTI), Ether Futures (ETI), nano Bitcoin Futures (BIT) and nano Ether Futures (ET). Trading futures contracts on Coinbase supported by Nodal. Source: Nodal Clear 'Working with Coinbase Derivatives, we are excited to continue our relationship and provide innovation to the industry, such as our introduction of the first 24×7 margined futures in May 2025,' Nodal Clear chairman and CEO Paul Cusenza said. He added: 'The plans to integrate USDC as collateral represent our continued commitment to seek to be responsive to market needs and innovate. We look forward to engaging with our clearing members and the CFTC in seeking to make this a reality.' The news comes after USDC issuer Circle went public on the New York Stock Exchange on June 5, with its CRCL shares opening trading at $69. Circle's USDC partner, Coinbase (COIN), has already been publicly trading for more than four years after its Nasdaq launch in April 2021. Source:
National Post
09-05-2025
- Business
- National Post
Nodal Clear Announces Clearing Support for 24x7 Trading on Coinbase Derivatives Exchange
Article content WASHINGTON — Nodal Clear announced that starting today it will offer clearing support for 24×7 (24 hours by 7 days) trading of select cryptocurrency futures contracts on Coinbase Derivatives Exchange (CDE). The new structure enables round-the-clock trading, for a subset of contracts including: Article content Article content Bitcoin Futures (BTI) – 1 Bitcoin Ether Futures (ETI) – 10 Ether nano Bitcoin Futures (BIT) – 1/100th of Bitcoin nano Ether Futures (ET) – 1/10th of Ether Article content This move represents a significant milestone in the history of global clearing as it enables continuous cleared trading, including on weekends and holidays, for the first time ever for cleared margined futures. Article content 'Nodal Clear is proud to be the first clearing house to ever offer 24×7 clearing for margined futures contracts. This innovation reflects our commitment to deliver operational excellence for our clearing members, Coinbase Derivatives Exchange and its trading community,' said Paul Cusenza, Chairman and CEO of Nodal Clear. 'Our unique risk management approach sets us apart and allows us to support continuous trading.' Article content Boris Ilyevsky, CEO of Coinbase Derivatives, stated: 'Coinbase Derivatives is proud to be the first ever US futures exchange to offer 24×7 margined futures contracts in partnership with Nodal Clear. Our platform was purpose-built for this moment, combining a crypto-native mindset with the infrastructure and regulatory rigor required to modernize U.S. markets. This launch brings crypto futures trading in sync with round-the-clock global crypto markets.' Article content Nodal Clear is a Derivatives Clearing Organization (DCO) pursuant to the Commodity Exchange Act and is regulated by the CFTC. Nodal Clear provides central counterparty clearing services to Nodal Exchange and Coinbase Derivatives Exchange. Through the novation process, the clearing house becomes the buyer to every seller and the seller to every buyer, significantly reducing the credit risk exposure of market participants. Nodal Clear's strong risk management practices create a sound market infrastructure for trading. Nodal Clear employs a tailored portfolio margining methodology that appropriately margins contracts and provides capital efficiencies to market participants. Further information is available at Article content Article content Article content Article content Article content Contacts Article content Article content
Arabian Post
09-05-2025
- Business
- Arabian Post
Coinbase Opens Round-the-Clock Crypto Futures Trading in U.S.
Coinbase has launched 24/7 trading for Bitcoin and Ethereum futures through its CFTC-regulated platform, Coinbase Derivatives, marking a significant shift in U.S. crypto market accessibility. This initiative allows traders to engage in futures contracts at any time, aligning with the continuous nature of global cryptocurrency markets. The move addresses a longstanding gap between traditional U.S. trading hours and the always-on operations of crypto markets. Previously, U.S. traders faced limitations due to fixed market hours, often missing opportunities during off-hours. With this development, Coinbase aims to provide traders with the flexibility to manage risk and seize opportunities without time constraints. Coinbase's infrastructure supports this continuous trading model through partnerships with Nodal Clear, a CFTC-regulated clearinghouse, and liquidity providers like Virtu Financial. These collaborations ensure that the platform can handle the demands of round-the-clock trading while maintaining regulatory compliance. The introduction of 24/7 trading is part of Coinbase's broader strategy to expand its derivatives offerings. The company has also announced plans to develop perpetual-style futures contracts, which do not have expiration dates, providing traders with additional tools to manage their positions over extended periods. This expansion into continuous trading comes amid a surge in institutional interest in cryptocurrency derivatives. Derivatives account for a significant portion of global crypto trading volume, and Coinbase's enhanced offerings aim to cater to this growing demand. Coinbase's move also reflects a broader trend of increasing regulatory clarity in the U.S. crypto market. The company's alignment with regulatory standards, such as operating a CFTC-regulated exchange, positions it to capitalize on the evolving landscape of digital asset trading. See also Grindery Launches Aventino to Enhance AI Agent Transactions In addition to the launch of 24/7 trading, Coinbase has announced a $2.9 billion acquisition of Deribit, a leading crypto options trading platform. This acquisition is expected to further strengthen Coinbase's position in the derivatives market and expand its global reach. Arabian Post – Crypto News Network
Business Wire
09-05-2025
- Business
- Business Wire
Nodal Clear Announces Clearing Support for 24x7 Trading on Coinbase Derivatives Exchange
WASHINGTON--(BUSINESS WIRE)--Nodal Clear announced that starting today it will offer clearing support for 24x7 (24 hours by 7 days) trading of select cryptocurrency futures contracts on Coinbase Derivatives Exchange (CDE). The new structure enables round-the-clock trading, for a subset of contracts including: Bitcoin Futures (BTI) - 1 Bitcoin Ether Futures (ETI) - 10 Ether nano Bitcoin Futures (BIT) - 1/100th of Bitcoin nano Ether Futures (ET) - 1/10th of Ether This move represents a significant milestone in the history of global clearing as it enables continuous cleared trading, including on weekends and holidays, for the first time ever for cleared margined futures. 'Nodal Clear is proud to be the first clearing house to ever offer 24x7 clearing for margined futures contracts. This innovation reflects our commitment to deliver operational excellence for our clearing members, Coinbase Derivatives Exchange and its trading community,' said Paul Cusenza, Chairman and CEO of Nodal Clear. 'Our unique risk management approach sets us apart and allows us to support continuous trading.' Boris Ilyevsky, CEO of Coinbase Derivatives, stated: 'Coinbase Derivatives is proud to be the first ever US futures exchange to offer 24x7 margined futures contracts in partnership with Nodal Clear. Our platform was purpose-built for this moment, combining a crypto-native mindset with the infrastructure and regulatory rigor required to modernize U.S. markets. This launch brings crypto futures trading in sync with round-the-clock global crypto markets." For more information on how Nodal Clear supports CDE's 24x7 operations, please contact clearingsupport@ or call 703-962-9860 About Nodal Clear Nodal Clear is a Derivatives Clearing Organization (DCO) pursuant to the Commodity Exchange Act and is regulated by the CFTC. Nodal Clear provides central counterparty clearing services to Nodal Exchange and Coinbase Derivatives Exchange. Through the novation process, the clearing house becomes the buyer to every seller and the seller to every buyer, significantly reducing the credit risk exposure of market participants. Nodal Clear's strong risk management practices create a sound market infrastructure for trading. Nodal Clear employs a tailored portfolio margining methodology that appropriately margins contracts and provides capital efficiencies to market participants. Further information is available at
