CoinMeta data: Coinbase shares rose 1.04% in pre-market trading due to the approval by the U.S. Commodity Futures Trading Commission (CFTC) of Coinbase Clearing LLC as a registered clearing member for USDC. This approval enables Coinbase to offer fully collateralized derivatives on its platform and achieve 24/7 settlement, completing its regulated derivative structure. Although the new clearing member does not cover all types of derivative products, it adds an important component to Coinbase's derivative business. Coinbase stated that this clearing member will directly create and settle fully collateralized contracts, which will support faster product development and more efficient operations in the future.