Coinbase adds CFTC-regulated futures for five altcoins

Coinbase Derivatives is about to add a new range of CFTC-regulated futures contracts on several Altcoins that can be seen as a major expansion of the US regulated futures markets. They will go live on July 15, and selected assets include Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB).

Expansion and Regulatory Compliance

This is a positive step from Coinbase Derivatives as they look to expand more into trading solutions and investment products. Therefore, the company intends to expand the list of services, allowing users to diversify risks, trade on price difference and interact with the cryptocurrency market under the watchful eye of the CFTC.

Additionally, partnering with Nodal Clear, Futures Commission Merchants (FCM) and retail brokers on Coinbase ensures a Safe trading sphere for investors. This collaboration is evidence of the exchange’s commitment to upholding the principles of the ICC in the conduct of its business.

Impact on the market and future prospects

As this is the first US futures exchange to list these types of margin futures contracts, Coinbase is leading the way in the market. This introduction comes at the right time, as more and more investors are looking for new and properly regulated trading solutions.

The inclusion of these altcoins in Coinbase’s future offerings could potentially lead to greater market liquidity and more stable price movements, benefiting the entire cryptocurrency trading community.

While the market anticipates this launch, attention remains focused on the performance of these derivatives in a regulated environment, setting the stage for future expansion of similar financial instruments.

Read also: Coinbase and Stripe Partner to Expand Cryptocurrency Adoption

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