Story signal · how it spread on X · via Elfa

as of
thread quiet
Spread
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Distinct X and Telegram accounts Elfa counted behind this story’s reports, summed over the thread. Not posts, not impressions.
49 accounts

first post
Leviathan +2.8 h later

COIN reaction
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Price change from the first post to 24 hours later (CoinGecko). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
−0.9% 1d after event

measured by Elfa

Thread · 1 event
  1. First reportCoinbase receives CFTC approval to operate its own derivatives clearinghouse49 acc.
  2. Leviathan published this article

All times UTC.

Cited posts

  • @HansonBirringer HansFirst reportOn X ↗

    Coinbase has just received its approval to be a Derivatives Clearing Organization (DCO) from the CFTC. Notably, its approval order only allows fully collateralized products meaning no leverage for now, but I expect this to be amended in the future. This gives them the exchange,… https://t.co/xxfCG4W0cE

  • @CoinbaseDuck CBduckOn X ↗

    Big deal for the $COIN . Bottom line: - The CFTC approved Coinbase's own clearinghouse today. A DCO is the entity that guarantees every derivatives trade settles: it becomes the buyer to every seller and vice versa. - Until now, Coinbase's futures exchange cleared through a…

  • @BullTheoryio Bull TheoryOn X ↗

    BREAKING: 🇺🇸 Coinbase receives CFTC approval to launch its own derivatives clearinghouse. Coinbase can now directly clear and settle fully collateralized derivatives using USDC with 24/7 settlement.

Show 3 more cited posts
  • @g13m Captain GMOn X ↗

    Coinbase just got CFTC approval for Coinbase Clearing as a DCO. That means it now runs its own US exchange, broker, and clearing stack. They’re calling it the first USDC-native clearinghouse: USDC as collateral, 24/7 settlement. The license is limited to fully collateralized…

  • @coinbureau Coin BureauOn X ↗

    🇺🇸HUGE: The CFTC has OFFICIALLY approved Coinbase's own clearinghouse, built for USDC collateral and 24/7 settlement. Coinbase Clearing is now registered to clear fully collateralized futures, options on futures and swaps, per the CFTC's order. Coinbase says clearing these…

  • @mpost_io Mpost Media GroupOn X ↗

    ✅ @coinbase has received approval from the @CFTC to register Coinbase Clearing LLC as a derivatives clearing organization, effectively completing its full stack of regulated derivatives infrastructure alongside its existing FCM and DCM registrations. According to the CFTC, the…

43 more accounts posted about this · 2 Telegram channels (no public link)

TradersTrader calls tracked by Elfa · not advice

Positioning · COIN

Open96 open positions · 86 long · 10 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 28 Sep 23:16 UTC.

Whole equity market, not this story

Crowding62nd percentile · vs last 28 days, 50 typical
Pulse 24h47/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book95.1% long · 3,431 accounts

As of 28 Sep 23:00 UTC.

Social-monitoring data, not investment advice Elfa post text from Xas of

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