Coinbase Adds CFTC-Regulated Futures for Five Altcoins

Coinbase Derivatives is about to add a new set of CFTC-regulated futures contracts on several altcoins, which can be seen as a major expansion of the regulated US futures markets. They are expected to launch on July 15, and the selected assets include Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB).

Expansion and Regulatory Compliance

This is a positive step from Coinbase Derivatives as it seeks to further expand into trading solutions and investment products. Therefore, the company intends to expand the list of services, allowing users to diversify risks, trade on price difference and interact with the cryptocurrency market under the watchful eye of the CFTC.

Additionally, the partnership with Nodal Clear, Futures Commission Merchants (FCM) and retail brokers on Coinbase ensures a Safe trading sphere for investors. This collaboration is evidence of the exchange’s commitment to upholding the principles of the ICC while conducting its business.

Impact on the market and future prospects

As the first U.S. futures exchange to list these types of margin futures contracts, Coinbase is leading the way in the market. This introduction comes at a good time as more and more investors are looking for new and properly regulated trading solutions.

The inclusion of these altcoins in Coinbase’s future offerings could potentially lead to greater market liquidity and more stabilized price movements, benefiting the broader cryptocurrency trading community.

As the market anticipates this launch, the focus remains on how these derivatives will perform in a regulated environment, setting the stage for future expansions into similar financial instruments.

Read also: Coinbase and Stripe Partner to Expand Cryptocurrency Adoption

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