Key dealers
- Coinbase introduces futures agreement for Cardano and natural gas, pending CFTC approval.
- Cardano Futures allows traders exposure to price movements without keeping access.
Coinbase is seeking regulatory approval to launch Cardano (ADA) and natural gas (NGS) Futures contract – a feature that would expand its offers in the markets for energy and crypto.
Coinbase derivative, Coinbase’s futures exchange, said on Friday that it had submitted documentation to CFTC to self-certify futures for ADA and NGS.
We are pleased to announce that Coinbase derivatives have submitted to CFTC to self-certify natural gas (NGS) Futures and Cardano ( $ Ada ) Futures – expanding our offers in both energy and crypto derivatives.
We expect to go live with these products on Monday, … pic.twitter.com/yzgmkb1tvm
– Coinbase Institutional 🛡 (@Coinbaseinsto) March 14, 2025
Self -certification with CFTC enables Coinbase to assert the compliance of the legislation of futures agreement and speed up their launch unless CFTC raises objections. If approved, these new future contracts are expected to go live on March 31.
The move follows Coinbase’s latest introduction of Solana (SOL) and Hedera (Hbar) Futures Agreement and is part of the company’s ongoing strategy for giving traders access to both crypto and traditional futures trading on a single regulated platform.
Cardano is one of the most prominent blockchain platforms, known for its focus on scalability, durability and security. With a dedicated ecosystem and increasing adoption of Defi, NFTS and Enterprise Blockchain Solutions, Cardano is a natural addition to Coinbase’s futures lineup.
ADA -Futures would enable traders to gain exposure to Cardano’s price movements without keeping the underlying asset, enabling advanced risk management and utilized trading strategies.
After coinbase’s announcement, ADA rose about 2% to $ 0.75 per cooikecko.
The natural gas supply would place Coinbase to compete with traditional futures exchanges in the energy sector, where the product plays a crucial role in global markets and economic stability.
SEC has been careful about approving the crypto -etfs, but the launch of futures agreements can help alleviate certain problems by providing a regulated framework for price discovery and risk management. This can make Sec more prone to approve ETFs, especially if futures trading shows market stability.
Grayscale investment is the only boss that has Archived for a Place Cardano ETF. This archiving was submitted via NYSE ARCAWho suggested listing and trade in Grayscale Cardano Trust on the exchange.
On Tuesday, Sec pushed its decision regarding the proposed grayscale site Ada ETF and also extended the review period for other crypto -etfs.
