One of the leading players in the cryptocurrency industry, the renowned exchange
Coinbase
, has embarked on a significant endeavor to introduce futures contracts for popular altcoins on its derivatives platform, as per an announcement made on June 28th.
As part of this initiative, the exchange has unveiled five new futures product registrations for the cryptocurrencies Polkadot (DOT), Shiba Inu (SHIB), Stellar (XLM), Avalanche (AVAX), and Chainlink (LINK) to the Commodity Futures Trading Commission (CFTC), as detailed on the company’s
website
. The estimated date for the commencement of trading for these products is set for July 15th.
In a bold move to support this endeavor, Coinbase stated, “On July 15, Coinbase Derivatives will become 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 reaffirms our dedication to offering a diverse range of trading solutions at affordable prices, setting us apart in the regulated US futures market.”
Coinbase also emphasized that with the addition of AVAX, LINK, DOT, XLM, and SHIB, participants and their clients will have more access points to manage risks, speculate on price fluctuations, and engage in the cryptoeconomy with reduced initial capital requirements. “This expansion not only diversifies our product offerings but also enhances the overall trading experience for our users.”
Expressing optimism, Coinbase Derivatives highlighted its pioneering role as the first US futures exchange to provide margined futures contracts for these assets, eagerly anticipating the evolution of these derivative contracts into a regulated market.
Coinbase Announces Strategic Partnership to Facilitate Global Adoption of USDC
In a major push towards global expansion, cryptocurrency exchange Coinbase has revealed a strategic alliance with Stripe to integrate USDC into its array of crypto products.
In an official statement released on June 28th, the exchange elaborated that this partnership with Stripe will enable the incorporation of USDC into its cryptocurrency payments, facilitating faster and more cost-effective money transfers to over 150 countries.
Disclaimer:
The views and opinions expressed by the author, or any individuals mentioned in this article, are strictly for informational purposes and do not constitute financial, investment, or any other form of advice. Investing or trading cryptocurrencies involves a risk of financial loss.
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