Cardano (ADA) and Coinbase Wrapped Staked ETH (cbETH) Join the List of Assets Eligible to Be Used as Collateral in Perpetual Futures Trading on Coinbase

It was not long ago that XRP made its way onto the list of assets eligible for use as collateral in perpetual futures trading on Coinbase International Exchange.

Coinbase International Exchange has recently added Cardano (ADA) and Coinbase Wrapped Staked ETH (cbETH) to the list of assets that can be used as collateral in its perpetual futures trading. This marks another step in Coinbase’s expansion of supported cryptocurrencies within its derivatives trading ecosystem.

ADA’s inclusion is particularly interesting given the token, like XRP, has been a subject of regulatory scrutiny by the SEC, which previously sued both firms for selling unregistered securities. However, with the departure of Gary Gensler and a change in strategy at the SEC, cases against digital assets are now being settled out of court, signaling a potential shift in the regulatory approach.

As the crypto market navigates this evolving regulatory landscape, the addition of ADA and cbETH to Coinbase’s perpetual futures trading is a significant development. Both tokens have been at the center of attention due to their role in DeFi and liquid staking, two domains that are rapidly gaining institutional interest.

Coinbase is also making moves to bring more assets on-chain, aligning with the broader industry trend of tokenization and integrating blockchain technology deeper into financial services. This aligns with Coinbase's broader goal of expanding its offerings while navigating the complexities of U.S. law, especially in terms of investor accreditation and asset availability.

With the addition of ADA, it is clear that Coinbase values blockchain networks with strong technology at their core, deeming them valuable additions to the evolving financial infrastructure. Whether this signals further institutional interest in ADA or is simply a logical extension of market trends, it is evident that ADA’s role in crypto trading is being recognized and valued.

As Coinbase continues to broaden its reach, the question is not just which assets will be added next but how this growing integration will shape the future of digital asset trading as a whole.