Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Coinbase begins trading for Dogecoin, Litecoin, and Bitcoin Cash futures on April 1
ADOPTION NEWS

Coinbase begins trading for Dogecoin, Litecoin, and Bitcoin Cash futures on April 1

By Crypto FlexsMarch 20, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Coinbase begins trading for Dogecoin, Litecoin, and Bitcoin Cash futures on April 1
Share
Facebook Twitter LinkedIn Pinterest Email
Market • March 20, 2024 5:10 PM EDT

Posted 1 minute ago In ~

Updated: March 20, 2024, 5:26 PM EDT

Dogecoin viceroy

+17.93%
It may have started as a joke, but it’s garnering a lot of attention this April Fool’s Day. Coinbase Derivatives plans to launch premier futures trading for the memecoin sector, along with Litecoin and Bitcoin Cash.

On March 7, in three separate letters to the Commodity Futures Trading Commission (CFTC), the cryptocurrency exchange announced its intention to launch monthly cash-settled futures contracts. Dogecoin, Litecoin and bitcoin cash. This communication, addressed to CFTC Secretary Christopher Kirkpatrick, details the proposed contract size, settlement method (utilizing benchmark interest rates based on market vectors), and structure.

Coinbase emphasized in the letter that it is utilizing its own certification route under CFTC Rule 40.2(a) to list futures contracts. This process allows exchanges to launch new products without waiting for direct approval from the CFTC if they confirm that the products comply with the Commodity Exchange Act and CFTC regulations.

Considering that all three cryptocurrencies are derived from Bitcoin, which has been recognized as a commodity by the Securities and Exchange Commission, their classification raises interesting regulatory issues. Bloomberg Intelligence ETF Research Analyst James Seyffart Posted on X.com“Interesting… I wonder if the SEC objects to their classification as ‘commodity futures’ and ‘securities futures’. Considering its origins in Bitcoin, especially after the approval of the spot #Bitcoin ETF, it would be difficult to claim that it is a security. “It will be difficult. Coinbase’s choice may be strategic.”


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Lawrence Lewitinn is The Block’s North American editor-in-chief. Lewitinn has extensive experience as a financial journalist, working at CoinDesk, CNBC, TheStreet, Yahoo Finance, Observer, and Modern Consensus. His experience also includes several years on Wall Street trading bonds, currencies and commodities for Millennium Management and MQS Capital. Lewitinn graduated from New York University, received an MBA from Columbia Business School, and a master’s degree in international relations from Columbia School of International and Public Affairs. He is a CFA Charterholder.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

The robot of 1x Technologies aims to revolutionize ordinary work with AI.

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Why DEGO Price tank 60%after moving USD1 Stablecoin

June 6, 2025

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Arca EXEC writes a scratch on Circle after IPO

June 6, 2025

The robot of 1x Technologies aims to revolutionize ordinary work with AI.

June 5, 2025

Trump is a magical Eden encryption wallet tie, Trump coin deep 13%

June 5, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Why DEGO Price tank 60%after moving USD1 Stablecoin

June 6, 2025

SEI Network opens up the way of autonomous AI economy.

June 6, 2025
Most Popular

GeForce NOW, Xbox auto-login integration, game library expansion after Gamescom

August 22, 2024

Marinade Finance makes strategic investment in SuperSol

December 19, 2024

Phantom cryptocurrency wallet raises $150 million in Series C at $3 billion valuation

January 17, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.