One of the industry’s leading cryptocurrency exchanges, Coinbase, has initiated a major move to add futures related to popular altcoins to its derivatives exchange, according to an announcement on June 28.
In a significant development in support of the measure, the exchange has filed five new registrations for futures products tied to the cryptocurrencies Polkadot (DOT), Shiba Inu (SHIB), Stellar (XLM), Avalanche (AVAX) and Chainlink (LINK) with the Commodity Futures Trading Commission (CFTC), according to information on the company’s website. The exchange’s estimated trading date for the products is July 15.
“On July 15, Coinbase Derivatives will be the first U.S. futures exchange to introduce CFTC-regulated margined futures contracts for Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB). This significant step reinforces our commitment to providing diverse and accessible trading solutions, differentiating us in the regulated U.S. futures market.”
In its statement, Coinbase also highlighted that “With the addition of AVAX, LINK, DOT, XLM, and SHIB, our participants and their customers gain more access points to manage risk, speculate on price movements, and participate in the crypto economy with reduced initial capital”.
“This expansion not only diversifies our product suite but can also enhance the overall trading experience for our users.”
Coinbase Derivatives has highlighted its optimism about being the first U.S. futures exchange to offer margined futures contracts for these assets. “We look forward to seeing these derivatives contracts mature in a regulated market.”
Coinbase Announces Partnership Aiming for Global Adoption of USDC
In a significant development towards its global expansion, cryptocurrency exchange Coinbase has announced a strategic partnership with Stripe to integrate USDC on Base into the company’s suite of crypto products.
In its official announcement, released on June 28, the exchange explained that the partnership will allow Stripe to incorporate USDC on Base into its cryptocurrency payments. With this integration, money transfers will be faster and cheaper to more than 150 countries.
Disclaimer:
The views and opinions expressed by the author, or any person mentioned in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/coinbase-inicia-movimento-para-listar-futuros-shib-avax-e-outras-criptomoedas/
