The derivatives arm of cryptocurrency exchange Coinbase has just filed documents with the Commodity Futures Trading Commission (CFTC) to self-certify the list of new futures products tied to five popular crypto assets.
According to the filesis launching Coinbase Derivatives futures contracts for Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM) and Shiba Inu (SHB), all of which will be offered for trading on or after July 15.
The documents state that Coinbase has spoken with futures commission merchants (FCMs) and market participants who support the decision to launch the contracts.
“The Exchange is not aware of any substantive opposing views on the Contract. The Exchange declares that the Contract and the related rules certified herein comply with the Commodity Exchange Act and the rules and regulations promulgated thereunder.”
In a statement, Coinbase Derivatives said say it will be the first futures exchange in the US to introduce CFTC-regulated margin futures contracts for AVA, LINK, DOT, XLM and SHB.
“With the addition of AVA, LNK, DOT,
Coinbase Derivatives also recently launched commodity futures contracts for oil and gold after noticing increased demand for retail-oriented products on accessible and regulated exchanges. The new futures contracts have a size of 10 barrels of oil and one troy ounce of gold.
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