Main to remember
- Coinbase introduces term contracts for Cardano and natural gas, pending approval from the CFTC.
- Cardano term contracts allow traders an exposure to price movements without holding the assets.
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Coinbase requests regulatory approval to launch Cardano’s term contracts (ADA) and natural gas (NGS) – a decision that would extend its offers on the energy and crypto derivative markets.
Coinbase derivatives, Coinbase’s Futures Exchange, said on Friday that she had submitted documents to the CFTC to self -certify the term contracts for ADA and NGS.
We are delighted to announce that Coinbase Derivatives has filed with the CFTC to self -record the term contracts on natural gas (NGS) and Cardano ( $ ADA ) Futures – Expression of our offers on the markets of energy and cryptographic derivatives.
We plan to live with these products on Monday,โฆ pic.twitter.com/yzgmkb1tvm
– Coinbase Institutional ๐ก๏ธ (@coinbaseinsto) March 14, 2025
Self-certification with the CFTC allows Coinbase to assert regulatory compliance with term contracts, accelerating their launch unless the CFTC raises objections. If they are approved, these new term contracts should be posted on March 31.
This decision follows the recent Introduction by Coinbase of term contracts by Solana (Sol) and Hedera (Hbar), and is part of the continuous strategy of the company to provide traders with access to crypto and traditional term negotiations on a single regulated platform.
Cardano is one of the most important blockchain platforms, known for its accent on scalability, sustainability and security. With a dedicated ecosystem and an increasing adoption of DEFI, NFTS and business blockchain solutions, Cardano is a natural addition to the Futures of Coinbase range.
The ADA term contracts would allow traders to expose themselves to Cardano price movements without holding the underlying assets, allowing advanced management of risks and leveraging negotiation strategies.
After Coinbase’s announcement, Ada jumped approximately 2% to $ 0.75, by Coingecko.
The long -term supply on natural gas would position Coinbase to compete with traditional term exchanges in the energy sector, where merchandise plays a crucial role in global markets and economic stability.
The SEC has been cautious about the approval of FNB Crypto, but the launch of term contracts can help to mitigate certain concerns by providing a regulated framework for the discovery of prices and risk management. This could make the dry more inclined to approve the FNB, especially if trading in the long term demonstrates market stability.
Grayscale Investments is the only manager to have Posed for an ETF Cardano Spot. This file was Subject via NYSE ARCAwho proposed to list and exchange actions from the Cardano trust in gray on the stock market.
On Tuesday, the SEC postponed its decision concerning the ADA spot of the proposed Grayscale spot and also extended the examination period for other ETF Crypto.
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