Altcoins
Coinbase Files Documents With CFTC to List Futures Contracts for Chainlink, Shiba Inu, and Three Other Altcoins
The derivatives arm of crypto exchange Coinbase has just submitted documents to the Commodity Futures Trading Commission (CFTC) to self-certify the list of new futures products tied to five popular crypto assets.
According to depositsCoinbase Derivatives is launching futures contracts for Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB), all of which will be available for trading starting July 15.
The documents indicate that Coinbase has spoken with futures brokers (FCMs) and market participants who support the decision to launch the contracts.
“The Stock Exchange is not aware of any opinion contrary to the Contract. The Exchange certifies that the Agreement and related rules certified herein are in compliance with the Commodity Exchange Act and the rules and regulations promulgated thereunder. »
In a statement, Coinbase Derivatives said It will be the first futures exchange in the United States to introduce CFTC-regulated margined futures contracts for AVA, LINK, DOT, XLM and SHB.
“With the addition of AVA, LNK, DOT, XLM and SHB, our participants and their clients gain more access points to manage risk, speculate on price movements and participate in the crypto economy with requirements reduced initial capital. »
Coinbase Derivatives also recently spear Commodity futures contracts for oil and gold were traded after seeing increased demand for retail-oriented products on accessible and regulated exchanges. The new futures contracts are for 10 barrels of oil and one troy ounce of gold.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
& nbsp
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway through