Coinbase Seeks CFTC Approval for SHIB and AVA Futures Listings
Cryptocurrency exchange Coinbase recently filed for regulatory approval to offer future products related to various altcoins, including SHIB and AVA. Submission to the server Commodity Futures Trading Commission (CFTC) includes offerings for derivatives tied to DOT, SHB, XLM, AVA and LNK, with trading potentially starting as early as July 15. This move is in line with Coinbase’s strategy to develop the derivatives market and appeal to a broader investor base. strictly complies with US regulatory standards.
Coinbase Files for Futures on SHIB, AVA
Launch of futures contracts for altcoins STR and AVA marks a significant expansion of Coinbase’s product offerings. Upon approval, these products will provide traders and institutional investors with new mechanisms to manage risk, speculate on price movements, and become more involved in the cryptocurrency economy.
This expansion aims to diversify Coinbase’s portfolio and enhance its users’ trading experience by requiring less upfront capital. The company’s approach underscores its commitment to increasing accessibility to the crypto economy while maintaining compliance with strict regulatory frameworks.
Coinbase has proactively established strategic partnerships to expand its service capabilities and improve on-chain adoption. A notable collaboration with payment processor Stripe will speed up transactions and integrate new systems that support faster and more affordable services.
This partnership focuses on integration US Dollar Stripe’s Base platform enables faster transactions in more than 150 countries. Additionally, this collaboration will streamline the process for US customers to convert fiat to crypto and integrate convenient payment methods such as Apple Pay and credit cards directly into Coinbase’s Wallet service.
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AVA Leads the Way as Coinbase Proposes New Futures
Gaining CFTC approval for these new futures listings is a calculated move by Coinbase to attract more institutional investors by providing a regulated trading environment. Adherence to this regulation is crucial to building trust and credibility among a wider range of investors, especially those wary of the volatile nature of cryptocurrencies.
At the time of reporting, AVA had the largest market cap among recommended altcoins at $11.1 billion and its trading price had increased slightly. In contrast, SHIB remains a popular choice among investors despite its low price, reflecting the diverse interest in the crypto market.
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Maxwell is a crypto-economic analyst and blockchain enthusiast who is passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its impact on economic freedom and social well-being.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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