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Coinbase Clearing (CBC) is the derivatives clearing organization (DCO) that clears and settles trades executed on Coinbase Derivatives: Predictions: it receives trade reports and the instrument catalog from the exchange, keeps positions by account, runs end-of-day valuation, position and balance snapshots, and settles determined contracts in USDC.
Programmatic APIs, downloads, and Sandbox access are coming soon. Exchange API integration and clearing are separate. Trades executed on the exchange are reported to Coinbase Clearing automatically.

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Participants

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Services

  • Clearing Portal — browser-based access for clearing members to accounts, positions, balances, and end-of-day reports.
  • Position keeping and settlement — positions are maintained per account from exchange trade reports. Each determined contract settles in USDC at a settlement price between 0 and 1. A YES outcome settles at 1, a NO outcome at 0, and a SCALAR outcome at the determined value. A Yes position receives the settlement price per contract and the opposite side receives 1 minus the settlement price. Amended settlements are reprocessed.
  • End of day — a daily cutoff fences the trading day, then valuation, position snapshots, and balance snapshots are produced for the business date.