Posted 3/21/2024, 5:15:54 AM
Coinbase Seeks CFTC Green Light For Doge, Litecoin, Bitcoin Cash Futures
- Coinbase Derivatives plans to launch futures trading for Dogecoin, Litecoin, and Bitcoin Cash
- Submitted proposal letters to CFTC on March 7 outlining cash-settled monthly futures contracts
- Intends to self-certify contracts under CFTC Regulation 40.2(a) without direct CFTC approval
- Cryptocurrencies are classified as commodities, raising regulatory questions
- Selection of these cryptos could be strategic since they derive from Bitcoin, viewed as a commodity by SEC
