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Coinbase To Launch Futures Trading For Dogecoin, Litecoin, And Bitcoin Cash On April 1st, Reports Benzinga – CryptoInfoNet


Launch Of Dogecoin, Litecoin, And Bitcoin Cash Futures By Coinbase Scheduled For April 1St
Launch of Dogecoin, Litecoin, and Bitcoin Cash Futures by Coinbase Scheduled for April 1st

Benzinga – The spin-off of Bitcoin, Litecoin (CRYPTO: LTC), experienced a 6.78% increase, reaching $86.03 on Wednesday when this report was compiled. Concurrently, it was reported that Coinbase Global submitted a filing with the Commodity Futures Trading Commission for initiating futures trading in this cryptocurrency.

Event Details: The crypto exchange platform is also preparing to launch futures contracts for Dogecoin (CRYPTO: DOGE) and Bitcoin Cash (BCH) that will be settled in cash on a monthly basis.

An ETF research analyst from Bloomberg Intelligence, James Seyffart, made a statement on X hinting at the interesting regulatory considerations that arise from Coinbase’s recent submissions related to the trio of cryptocurrencies originally derived from Bitcoin. He remarked, “Possibly a strategic choice by Coinbase.” In addition, he revealed information about the filings that were made discreetly with the CFTC.

Seyffart further commented, “Given their origins from Bitcoin, arguments that ‘they are securities’ would be challenging, especially after approvals for spot #Bitcoin ETFs.”

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