CFTC Approves Coinbase Clearing LLC for USDC
USDC (USDC)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that the CFTC has approved Coinbase Clearing LLC for regulated derivatives, prompting Coinbase stock to gain attention in pre-market trading. The approval marks the completion of Coinbase's in-house derivatives infrastructure. Coinbase Clearing will utilize USDC as collateral and support 24/7 settlement.
How the market reacted
Whalio's own Binance spot order flow for USDC, measured when this story was written up on 29 September 2026. Not the outlet's figures.
USDC is trading at $1.00 with a 1-hour buy ratio of 48.0%, which is lower than the 49.3% seen over the past 24 hours. This indicates that buying pressure is fading in the short term relative to the daily average. The 1-hour volume delta is -$4,021,793, showing that sell volume has exceeded buy volume in the last hour. Over four hours, the volume delta is -$64,359,081, confirming that sellers are currently dominating the flow. A buy ratio below 50% means more traders are selling than buying, while a negative volume delta confirms that the net flow of capital is out of the asset.
The latest daily buy ratio of 50.2% sits at the 73rd percentile of the last 322 days, against a median of 48.4% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for USDC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.4%, making today's 24-hour ratio of 49.3% slightly below the norm by 1.1 percentage points. Volume has been 1.30 times the average, indicating significantly higher activity than usual. While the 24-hour volume delta is -$48,382,853, the weekly total volume delta is positive at +$171,511,787. This suggests that despite recent selling, net buying has dominated the week overall. With net buying occurring on 5 of the last 7 days, this is an ordinary trend for the coin despite the recent shift.