Michaela
Coinbase, the leading cryptocurrency exchange, has expanded its U.S. derivatives market by launching futures contracts for Solana (SOL) and Hedera (HBAR). These contracts, regulated by the U.S. Commodity Futures Trading Commission (CFTC), mark a strategic push to integrate digital assets with traditional finance.
On February 18, the company unveiled future contracts for SOL and BAR, designed to accommodate a variety of trading strategies. This expansion not only broadens Coinbase’s derivatives portfolio but also underscores the increasing mainstream acceptance of digital assets.
Coinbase Derivatives has now expanded its suite to 19 futures contracts approved by the CFTC, featuring major assets like Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE). The latest additions allow traders to choose between Standard Solana Futures offering 100 SOL per contract, nano Solana Futures with 5 SOL per contract, and Hedera Futures that include 5,000 HBAR per contract.
“We are delivering innovative, compliant, and accessible trading solutions that empower market participants to navigate and capitalize on the evolving crypto landscape,” the company stated.
In August 2023, Coinbase Financial Markets, Inc. (CFM) received regulatory clearance from the National Futures Association (NFA) to operate as a Futures Commission Merchant (FCM). Since its launch, the firm has enabled thousands of retail investors to access regulated futures contracts spanning both crypto assets and traditional commodities.
Expanding its international reach, Coinbase launched EURC perpetual futures on its International Exchange, venturing further into crypto-native FX trading. The new EURC/USDC pair enables traders to gain leveraged exposure to the Euro outside traditional FX markets, offering up to 20x leverage with immediate settlement and continuous pricing.
Its latest initiative emerges as the U.S. Securities and Exchange Commission (SEC) requested a 28-day pause to review the company’s appeal.
In its recent filing with the U.S. Court of Appeals for the Second Circuit, the SEC clarified that the appeal will proceed at a standard pace and emphasized that the crypto exchange has expressed its support for the motion.
Read More
- Coinbase Users Lose $65M in Phishing Scams Amid Security Failures
- Coinbase CEO: Exchange Would Delist Tether if Required by U.S. Law
- Brian Armstrong: Coinbase Scales Solana Amid TRUMP Token Surge
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
