Coinbase Derivatives to Self-Certify Listing of AVA, LINK, DOT, XLM, SHB Futures Contracts

The derivatives arm of crypto exchange Coinbase has just submitted to the Commodity Futures Trading Commission (CFTC) documents to self-certify the listing of

Crypto exchange Coinbase's derivatives arm has submitted documents to the Commodity Futures Trading Commission (CFTC) to self-certify the listing of new futures products tied to five popular crypto assets.

The filings show that Coinbase Derivatives is launching futures contracts for Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB). The new contracts will be made available for trading on or after July 15th.

Coinbase says it has spoken with futures commission merchants (FCMs) and market participants who support the decision to launch the contracts.

“The Exchange is not aware of any substantive opposing views to the Contract. The Exchange certifies that the Contract and related rules certified herein comply with the Commodity Exchange Act and the rules and regulations promulgated thereunder.”

Coinbase Derivatives says in a statement that it will be the first futures exchange in the US to introduce CFTC-regulated margined futures contracts for AVA, LINK, DOT, XLM and SHB.

“With the addition of AVA, LNK, DOT, XLM, and SHB, our participants and their clients gain more access points to manage risk, speculate on price movements, and participate in the crypto economy with reduced upfront capital requirements.”

Coinbase Derivatives also recently launched commodities futures contracts for oil and gold after noticing increased demand for retail-focused products on accessible and regulated exchanges. The new futures contracts are sized at 10 barrels of oil and one troy ounce of gold.

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