About a month ago, Coinbase Derivatives submitted applications to the Commodity Futures Trading Commission (CFTC) for approval to offer regulated futures contracts on Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH).
Today, Coinbase announced that it has introduced BCH and LTC futures contracts, with plans to add DOGE soon. This makes Coinbase the initial CFTC-supervised trading platform to provide margin contracts for these cryptocurrencies.
Coinbase introduces new futures contracts for BCH (1 unit), LTC (5 units), and DOGE (5000 units). These contracts offer expanded trading possibilities and a more welcoming marketplace for traders. By providing these additional contracts, Coinbase enables retail traders to profit from price fluctuations and protect their current investments.
DOGE’s month
April has historically been an intriguing month for DOGE‘s price growth. In both 2017 and 2021, notable price increases occurred during this month. As we approach the end of the third year in the cycle, there is excitement about the possible effects of listing Dogecoin futures on a significant exchange.
Some analysts believe that DOGE may experience new opportunities similar to Bitcoin before its halving events, due to its increased interaction with conventional finance and the introduction of ETFs (Exchange-Traded Funds).
Anticipation runs high among cryptocurrency enthusiasts as they look forward to the debut of Dogecoin futures on Coinbase Derivatives. Some predict that this development could open up fresh avenues and significantly boost Dogecoin‘s value in the near future. However, it remains to be seen whether this listing will indeed mark a turning point for DOGE‘s price trend. We’ll have to wait and watch.
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2024-04-11 18:25