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CryptoIntelligence 2024-03-26 18:54:37

Coinbase to Introduce Dogecoin Futures Trading, Emphasizing Cryptocurrency’s Leap Beyond Meme Status

Coinbase to Introduce Dogecoin Futures Trading, Emphasizing Cryptocurrency’s Leap Beyond Meme Status

Coinbase has recently underscored the remarkable evolution of Dogecoin, from a meme-inspired currency to a mainstay in the cryptocurrency domain. This recognition of Dogecoin’s “enduring popularity” is leading the exchange to introduce futures trading for the cryptocurrency. In its communications with the United States Commodity Futures Trading Commission (CFTC) on March 7, Coinbase Derivatives expressed intentions to unveil cash-settled futures contracts for Dogecoin, along with Litecoin and Bitcoin Cash, aiming for an April 1 launch date. Highlighting an unconventional path to market expansion, Coinbase mentioned its strategy to leverage the “self-certification” process for these futures contracts, adhering to CFTC’s regulatory

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