Coinbase’s derivatives division has submitted documents to the Commodity Futures Trading Commission (CFTC) to seek approval for the listing of new futures products tied to five popular cryptocurrencies. The futures contracts for Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB) will be available for trading on or after July 15th.

The submitted filings indicate that Coinbase has consulted with futures commission merchants (FCMs) and market participants who are supportive of the decision to introduce these contracts. The exchange is confident that the contracts and related rules comply with the Commodity Exchange Act and its regulations.

Coinbase Derivatives proudly announced that it will be the first futures exchange in the United States to offer CFTC-regulated margined futures contracts for AVA, LNK, DOT, XLM, and SHB. By adding these cryptocurrencies, Coinbase aims to provide participants and their clients with more opportunities to manage risk, speculate on price movements, and actively participate in the crypto economy with lower upfront capital requirements.

Recently, Coinbase Derivatives also expanded its offerings by launching commodities futures contracts for oil and gold in response to growing demand for retail-focused products on accessible and regulated exchanges. The new futures contracts are standardized at 10 barrels of oil and one troy ounce of gold.

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