Coinbase, a cryptocurrency exchange, has disclosed an initiative to venture into futures trading with Dogecoin (CRYPTO: DOGE), Litecoin (CRYPTO: LTC), and Bitcoin Cash (CRYPTO: BCH).
What Happened: In a series of communications to the United States Commodity Futures Trading Commission (CFTC) on March 7, Coinbase Derivatives revealed its intention to introduce cash-settled futures contracts for Dogecoin, with prices marked at $0.15, Litecoin at $85.20, and Bitcoin Cash at $413, aiming for an April 1 rollout.
The company cited Dogecoin’s appeal and strong community backing as evidence of its status within ...