As per CryptoBriefing, Coinbase is pursuing regulatory approval to launch futures contracts for Cardano (ADA) and Natural Gas (NGS). The company has filed documentation with the CFTC to self-certify these futures, aiming to expand its offerings in both the energy and crypto derivatives markets. If approved, the contracts are expected to go live on March 31, 2025. This move follows Coinbase's recent introduction of Solana and Hedera futures and aligns with its strategy to offer a comprehensive trading platform. Cardano, known for its scalability and security, is a significant addition to Coinbase's lineup, allowing traders to manage risk and leverage trading strategies without holding the asset. The SEC's cautious stance on crypto ETFs might be eased by the regulated framework of futures trading, potentially influencing future ETF approvals.
Coinbase Seeks CFTC Approval for Cardano and Natural Gas Futures
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