Shiba

Read

Chainlink

Shiba Inu

Stellar

<ul>
 <li>Coinbase will list futures for Polkadot, Shiba Inu, Stellar, Avalanche, and Chainlink on or after July 15, 2024.</li>
 <li>Futures contracts allow traders to speculate on future price movements with reduced upfront capital requirements.</li>
 <li>Avalanche (AVAX) holds the largest market capitalization among the listed tokens, valued at $11.1 billion.</li>
</ul>
<p><a href="https://www.coinbase.com/" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> has filed an official application with the Commodity Futures Trading Commission (CFTC) to list futures for five popular altcoins: Polkadot (DOT), Shiba Inu (SHIB), Stellar (XLM), Avalanche (AVAX), and Chainlink. The new futures products are scheduled to begin trading on or after July 15, 2024.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">BREAKING: Coinbase Derivatives Files with CFTC to List Regulated Futures for <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a>, <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a>, <a href="https://twitter.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AVAX</a>, <a href="https://twitter.com/search?q=%24XLM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XLM</a>, and <a href="https://twitter.com/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOT</a><br><br>Coinbase Derivatives has officially filed certifications with the CFTC to offer US-regulated futures for SHIB, LINK, AVAX, XLM, and DOT.<br><br>Bullish behavior.</p>— Kyle Chassé (@kyle_chasse) <a href="https://twitter.com/kyle_chasse/status/1806723759589712203?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 28, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Coinbase has taken a substantial stride in its efforts to improve its product suite by incorporating these futures. This move aims to provide users with <a href="https://cryptonewsland.com/coinbase-launches-innovative-smart-wallet-to-simplify-defi-access/" target="_blank" rel="noopener noreferrer nofollow">more flexible trading options.</a>&nbsp;</p>
<p>Futures contracts are financial derivatives that bind the buyer or seller to purchase or sell an asset at a predetermined future date and price. As opposed to spot trading, future contracts enable traders to make investments on potential future price movements of these altcoins with a smaller initial investment.</p>
<p>Coinbase highlighted that this expansion will benefit members and their clients by giving them more opportunities to control risk, make predictions about market trends, and engage in the crypto economy with lower initial investment demands.</p>
<p>It is anticipated that this diversification of the product range will improve users’ overall trading experiences. Avalanche (AVAX) has the highest market capitalization among the five tokens, valued at $11.1 billion. <a href="https://shibatoken.com/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) is second, with a market capitalization of $10.1 billion.</p>
<p>Coinbase is setting itself up to <a href="https://cryptonewsland.com/coinbase-stripe-collaborate-on-usdc-integration-and-payments/" target="_blank" rel="noopener noreferrer nofollow">attract a wider range of traders and investors</a> by introducing futures for these particular tokens. The new futures products are expected to provide additional tools for investors to safeguard their investments and profit from the volatility of the cryptocurrency market.</p>
<p>The action taken by Coinbase demonstrates its commitment to innovation and growth in the digital asset space. This initiative will ensure that the company remains at the top of the industry, offering advanced trading options and a broader product package.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/is-stellar-about-to-drop-a-bombshell-heres-what-we-know/" rel="noopener noreferrer nofollow">Is Stellar About to Drop a Bombshell? Here’s What We Know</a></li>
 <li><a href="https://cryptonewsland.com/why-stellar-could-be-the-next-big-thing-in-crypto-11-5-surge-in-a-volatile-market/" rel="noopener noreferrer nofollow">Why Stellar Could Be the Next Big Thing in Crypto, 11.5% Surge in a Volatile Market&nbsp;</a></li>
 <li><a href="https://cryptonewsland.com/why-you-shouldnt-ignore-stellars-current-price-momentum/" rel="noopener noreferrer nofollow">Why You Shouldn’t Ignore Stellar’s Current Price Momentum</a></li>
 <li><a href="https://cryptonewsland.com/how-stellar-could-defy-the-bearish-trend-and-skyrocket-to-4/" rel="noopener noreferrer nofollow">How Stellar Could Defy the Bearish Trend and Skyrocket to $4</a></li>
 <li><a href="https://cryptonewsland.com/why-stellar-lumens-xlm-could-soon-exceed-1-crypto-experts-take/" rel="noopener noreferrer nofollow">Why Stellar Lumens (XLM) Could Soon Exceed $1 – Crypto Expert’s Take</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/coinbase-to-launch-futures-for-popular-altcoins-polkadot-shiba-inu-stellar-avalanche-and-chainlink/" rel="noopener noreferrer nofollow">Coinbase to Launch Futures for Popular Altcoins: Polkadot, Shiba Inu, Stellar, Avalanche, and Chainlink</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Coinbase to Launch Futures for Popular Altcoins: Polkadot, Shiba Inu, Stellar, Avalanche, and Chainlink

Crypto News Land

Andere artikelen gepubliceerd op 29 jun 2024

Will Solana ETFs Spark a Massive Rally? Top Cryptos to Consider First

Barstool's Dave Portnoy Eyes Major Bitcoin Buy at $40K

Algorand and Render Investors Show Eagerness for MoonBag Staking Rewards and High ROI

Top 3 Crypto Predicted for a Big Run in 2024

Chainlink (LINK) Whales Accumulate Despite Price Drop, Presenting Potential Buying Opportunity

Analyst Predicts Significant Price Rally for VeChain (VET)

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!