Emre Yumlu 
Coinbase Derivatives has submitted Natural Gas (NGS) and Cardano (ADA) futures contracts for self-certification to the CFTC.
Coinbase Files for Approval to Launch Cardano and Natural Gas Futures Contracts
Coinbase has filed for regulatory approval to launch Cardano (ADA) and Natural Gas (NGS) futures contracts. This move aims to expand the company’s offerings in both the energy and crypto derivatives markets.
Coinbase’s futures platform, Coinbase Derivatives, submitted a self-certification request to the CFTC for ADA and NGS futures contracts. The submission is considered a declaration of compliance with regulations and will allow the contracts to be launched quickly, unless the CFTC raises objections.
If approved, the ADA and NGS futures contracts are expected to go live by March 31. This is part of Coinbase’s strategy to provide investors with comprehensive trading options by combining both crypto and traditional futures markets.
Cardano, known for its focus on scalability, sustainability, and security, is supported by the growing DeFi, NFT, and enterprise blockchain solutions. As a result, it holds significant potential as a new product on Coinbase’s futures platform. ADA futures contracts will allow investors to trade without exposure to Cardano’s price movements, opening up new opportunities for risk management and leveraged trading strategies.
After Coinbase’s announcement, the price of ADA surged by 2% to $0.75.
Coinbase’s Natural Gas Futures and Crypto ETF Approval Strategy
The Natural Gas futures offering will make Coinbase more competitive in the energy trading sector, aiming to rival traditional energy futures exchanges. Natural gas, a critical energy resource for the global economy, makes this product a strategic move for Coinbase.
The SEC has been cautious about approving crypto ETFs, but offering futures contracts provides a regulated framework for price discovery and risk management. This could potentially influence the SEC’s future stance on crypto ETFs and increase the likelihood of approval.
Grayscale Investments is currently the only company to have filed for a spot Cardano ETF. This filing, made through NYSE Arca, proposes to list and trade shares of the Grayscale Cardano Trust on the exchange.
The SEC has postponed its decision regarding Grayscale’s spot ADA ETF filing and extended the review period for other crypto ETFs.
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