Bitcoin Cash

Bitcoin ETF

Bitcoin

April

James

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Coinbase Derivatives will introduce futures trading for dogecoin, litecoin, and bitcoin cash starting April 1.</li>
 <li>The move was announced through letters to the Commodities Futures Trading Commission (CFTC).</li>
</ul>
<p>Coinbase Derivatives has announced the introduction of futures trading for dogecoin, litecoin, and bitcoin cash.</p>
<p>The announcement was made on March 7, through three separate letters to the CFTC.</p>
<h2 id="futures-trading-details">Futures Trading Details</h2>
<p>The letters detail the proposed contracts’ sizes, settlement methods, and structure.</p>
<p>They also reveal that the exchange is using the self-certification route under CFTC Regulation 40.2(a) to list these futures contracts.</p>
<p>This allows exchanges to introduce new offerings without waiting for direct CFTC approval, as long as they confirm the product’s compliance with the Commodity Exchange Act and CFTC regulations.</p>
<h2 id="regulatory-implications">Regulatory Implications</h2>
<p>The fact that all three cryptocurrencies originate from <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">bitcoin</a>, which is recognized as a commodity by the Securities and Exchange Commission, raises interesting regulatory questions.</p>
<p>James Seyffart, a Bloomberg Intelligence ETF research analyst, commented on the situation, noting the potential difficulty in classifying these as securities given their origins from Bitcoin, especially after spot Bitcoin ETF approvals.</p>
<p>The choice of these particular cryptocurrencies by <a href="https://crypto.ro/en/exchange/gdax/" rel="noopener noreferrer nofollow">Coinbase</a> may be a strategic one.</p>

Coinbase Enhances Crypto Trading with Dogecoin, Litecoin, Bitcoin Cash Futures from April 1

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