Exploration
Cryptocurrency Updates
Digital Currency
Coinbase Futures Seeks Approval from CFTC to Include These Five Alternative Coins in Futures Trading
Author:
Mete Demiralp
28th June 2024 – 16:16
Recent Update:
10 hours ago
0
Coinbase Futures has officially submitted an application to the Commodity Futures Trading Commission (CFTC) aiming to introduce regulated futures contracts for SHIB, LINK, AVAX, XLM, and DOT.
Up until this development, Coinbase had exclusively offered futures trading options for Bitcoin, Litecoin, and Dogecoin. The trading of Bitcoin and Litecoin futures commenced on April 1st, followed by the introduction of Dogecoin futures later that same month. Traditionally, Coinbase’s futures services were accessible solely through its global platform, Coinbase International.
However, the company is currently making efforts to extend these futures services to the United States. Given that the CFTC monitors commodities that are classified as non-securities in the US, the submission of Coinbase’s application is critical for the future prospects of these assets.
*This communication does not constitute financial advice.
For access to a diverse range of over 300 cryptocurrencies, you can sign up on Binance exchange with a 20% COMMISSION DISCOUNT through this referral link!
Stay updated with our latest news, analyses, and on-chain data by following our Telegram and Twitter accounts now!
Receive Notification from Comments Here
Report
Receive Updates When New Replies are Made to My Comment
Label
Name:
Email
Δ
Label
Name:
Email
Δ
0
Comments
Inline Feedbacks
View all comments
