Crypto exchange Coinbase has announced plans to launch futures trading for Dogecoin, Litecoin and Bitcoin Cash as soon as April 1.
Crypto exchange Coinbase believes Dogecoin’s (DOGE) “enduring popularity” suggests it has transcended its meme origins to become a staple in the cryptocurrency industry — and is now planning to launch futures trading products for the cryptocurrency.
In three separate letters to the United States Commodity Futures Trading Commission (CFTC) on March 7, Coinbase Derivatives announced its plans to launch cash-settled futures contract products for r Dogecoin, Litecoin (LTC), and Bitcoin Cash (BCH) as soon as April 1.
Notably, the letters said that Coinbase Dervitiatives could list the futures contracts on its platform before receiving any official approval from the CFTC.