Coinbase Derivatives announced the successful launch of futures contracts for Bitcoin Cash (BCH) and Litecoin (LTC). The company is also preparing to launch Dogecoin (DOGE) futures later this month.
Coinbase Derivatives has launched as the first Commodity Futures Trading Commission (CFTC)-regulated exchange to offer margined Bitcoin Cash and Litecoin futures contracts. These futures contracts will be traded through Coinbase Derivatives' brokers and Futures Commission Dealer (FCM) partners.
The filings were filed by Coinbase Derivatives, a separate entity initially known as FairX after Coinbase acquired the firm in January 2022.
The cryptocurrency industry views the CFTC as a friendlier regulator than the Securities and Exchange Commission (SEC), which has taken a hostile stance towards the industry and initiated a series of enforcement actions against the space.
Coinbase Financial Markets received approval from the National Futures Association, a registered futures association regulated by the CFTC, in August. The approval allows the firm to operate as a Futures Commission Dealer and offer access to crypto futures products to eligible customers.
*This is not investment advice.
