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<ul class="news-points">
 <li>Coinbase submits a letter to the CFTC detailing futures contracts for Dogecoin, Litecoin and Bitcoin Cash.</li>
 <li>The contracts, if approved, will allow traders to speculate on crypto prices without owning the underlying assets.</li>
 <li>Analysts speculate on SEC response suggesting Coinbase may challenge securities classification with this move.</li>
</ul>
A member of the crypto community pointed out that Coinbase has formally <a href="https://twitter.com/SummersThings/status/1770534349349240873" target="_blank" rel="noopener noreferrer nofollow">submitted</a> a proposal to the Commodity Futures Trading Commission (CFTC) regarding the introduction of futures contracts for Dogecoin, Litecoin, and Bitcoin Cash.&nbsp;
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 Coinbase Derivatives LLC quietly filed certifications with CFTC to list US regulated futures for Dogecoin, Litecoin and Bitcoin Cash. They filed them on March 7 and surprisingly nobody seemed to notice. Futures are set to start trading on April 1 if there are no objections from… <a href="https://t.co/DYbWjuS6G2" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/DYbWjuS6G2</a>— Summers (@SummersThings) <a href="https://twitter.com/SummersThings/status/1770534349349240873?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 20, 2024</a>
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Directed to CFTC Secretary Christopher Kirkpatrick in a letter dated March 7, Coinbase outlined comprehensive details about these proposed contracts, including their sizes, settlement methods, and overall structure.
These futures contracts, if approved,…
The post <a href="https://coinedition.com/coinbases-gamble-on-futures-contracts-for-altcoins-raises-sec-eyebrows/" rel="noopener noreferrer nofollow">Coinbase’s Gamble on Futures Contracts for Altcoins Raises SEC Eyebrows</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Coinbase’s Gamble on Futures Contracts for Altcoins Raises SEC Eyebrows

Coin Edition

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