Coinbase Launches CFTC-Regulated Futures Contracts for Avalanche, Chainlink, Polkadot, Stellar, and Shiba Inu
The post Coinbase Launches CFTC-Regulated Futures Contracts for Avalanche, Chainlink, Polkadot, Stellar, and Shiba Inu appeared on BitcoinEthereumNews.com.
Coinbase Derivatives has taken a significant step by submitting documentation to the Commodity Futures Trading Commission (CFTC) for the self-certification of new futures products linked to five prominent cryptocurrencies. The cryptocurrencies featured in these new futures contracts are Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB). This move has garnered support from futures commission merchants (FCMs) and various market participants, with no known substantive opposition. Coinbase Derivatives aims to revolutionize the crypto futures market with new contracts on popular assets like AVA, LINK, DOT, XLM, and SHB, providing more opportunities for risk management and speculation. Launch of New Crypto Futures Contracts Coinbase Derivatives has officially announced the launch of its new futures contracts tied to Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB). These contracts are slated to begin trading from July 15th, marking a pivotal expansion in Coinbase’s offerings. Industry Support and Compliance The filings submitted to the CFTC reveal that Coinbase has engaged extensively with futures commission merchants and market participants who largely support the introduction of these new futures contracts. Coinbase has assured that the contracts comply fully with the Commodity Exchange Act and the pertinent regulations. First of Its Kind in the US This launch represents a milestone for Coinbase Derivatives, as it will be the first exchange in the United States to offer CFTC-regulated margined futures contracts for AVA, LINK, DOT, XLM, and SHB. This development is expected to provide market participants and their clients with enhanced capabilities to manage risk and speculate on price movements with minimized initial capital requirements. Expansion into Commodities Futures TRUSTED BY COINOTAG,Did you missed $MEME, $PEPE or Bitcoin? No worries! Click here to sign up chosen altcoin exchange! Building on its momentum, Coinbase Derivatives has also introduced commodities futures contracts for…
Filed under: News - @ June 30, 2024 8:16 pm