{"id":16074,"date":"2024-03-21T08:24:16","date_gmt":"2024-03-21T08:24:16","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=16074"},"modified":"2024-03-21T08:25:35","modified_gmt":"2024-03-21T08:25:35","slug":"coinbase-to-launch-futures-trading-for-dogecoin-litecoin-and-bitcoin-cash-on-april-1","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/coinbase-to-launch-futures-trading-for-dogecoin-litecoin-and-bitcoin-cash-on-april-1\/","title":{"rendered":"Coinbase to Launch Futures Trading for Dogecoin, Litecoin, and Bitcoin Cash on April 1"},"content":{"rendered":"<p>Dogecoin, once regarded as a joke, is now receiving serious attention this April Fool&#8217;s Day. Coinbase Derivatives is set to introduce futures trading for the top memecoin, along with litecoin and bitcoin cash.<\/p>\n<p>On March 7, Coinbase announced its intention to launch monthly cash-settled futures contracts for dogecoin, litecoin, and bitcoin cash through three separate letters to the Commodities Futures Trading Commission (CFTC). These letters, addressed to CFTC Secretary Christopher Kirkpatrick, outlined the sizes, settlement methods, and structure of the proposed contracts, leveraging a benchmark rate by Market Vector.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/coinbase-expands-usdc-adoption-with-compass-coffee-partnership\/\">Coinbase<\/a> emphasized that it would utilize the self-certification route under CFTC Regulation 40.2(a) to list these futures contracts. This approach allows exchanges to introduce new offerings without waiting for direct CFTC approval, provided they confirm the product&#8217;s compliance with the Commodity Exchange Act and CFTC regulations.<\/p>\n<p>The classification of these cryptocurrencies as commodities, stemming from bitcoin, recognized as such by the Securities and Exchange Commission, raises intriguing regulatory questions. James Seyffart, an ETF research analyst at Bloomberg Intelligence, commented on X.com, stating, &#8220;This is interesting&#8230; wonder if the SEC objects to these being classified as &#8216;commodities futures&#8217; versus &#8216;securities futures&#8217;. Given their origins from Bitcoin, arguing these as securities would be challenging, especially after spot #Bitcoin ETF approvals. Coinbase&#8217;s selection might be strategic.&#8221;<\/p>\n<hr \/>\n<div>\n<div>\n<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a> for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin, once regarded as a joke, is now receiving serious attention this April Fool&#8217;s Day. Coinbase Derivatives is set to introduce futures trading for the top memecoin, along with litecoin and bitcoin cash. On March 7, Coinbase announced its intention to launch monthly cash-settled futures contracts for dogecoin, litecoin, and bitcoin cash through three separate<\/p>\n","protected":false},"author":1,"featured_media":15183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[1281,151,68,297],"class_list":["post-16074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","tag-cftc","tag-coinbase","tag-dogecoin","tag-etf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase to Launch Futures Trading for Dogecoin, Litecoin, and Bitcoin Cash on April 1 - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Coinbase is shaking things up on April Fool&#039;s Day with the launch of futures trading for Dogecoin (DOGE), Litecoin, and Bitcoin Cash (BCH).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/coinbase-to-launch-futures-trading-for-dogecoin-litecoin-and-bitcoin-cash-on-april-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase to Launch Futures Trading for Dogecoin, Litecoin, and Bitcoin Cash on April 1 - 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