Coinbase Files with CFTC to List Futures Contracts for Chainlink, Shiba Inu, and Three More Altcoins

The derivatives division of cryptocurrency exchange Coinbase has just submitted documents to the Commodity Futures Trading Commission (CFTC) to self-certify the listing of new futures products tied to five popular cryptocurrencies.

According to filingsCoinbase Derivatives is launching futures contracts for Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB), which will all be offered for trading starting July 15.

The documents say Coinbase has spoken to futures commission traders (FCMs) and market participants who support the decision to launch the contracts.

“The Exchange is not aware of any opinion materially adverse to the Contract. The Exchange certifies that the Contract and the related rules certified herein comply with the Commodity Exchange Act and the rules and regulations promulgated thereunder.”

In a statement, Coinbase Derivatives He says will be the first futures exchange in the United States to introduce CFTC-regulated margin futures contracts for AVA, LINK, DOT, XLM, and SHB.

“With the addition of AVA, LNK, DOT, XLM and SHB, our participants and their customers gain more entry points to manage risk, speculate on price movements and participate in the cryptocurrency economy with reduced initial capital requirements “.

Coinbase Derivatives has recently launched commodity futures contracts for oil and gold after noticing an increase in demand for retail-focused products on accessible and regulated exchanges. The new futures contracts are sized at 10 barrels of oil and one troy ounce of gold.

Don’t miss a beat – subscribe to receive email alerts directly in your inbox

Check Price Action

Follow us on X, Facebook AND Telegram

surf Hodl Daily Mix

&nbsp

Disclaimer: The views expressed on The Daily Hodl do not constitute investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrency or digital assets. Please note that transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Image generated: Midjourney

Source