Cardano (ADA) Futures Contracts Are Now Live on Coinbase Derivatives

It is not every day that a cryptocurrency gets a new listing that works for both institutional and retail investors, but Cardano (ADA) has just done that.

Cryptocurrency investment platform Coinbase has announced the listing of Cardano (ADA) futures on its institution-focused derivatives exchange.

The listing comes after the Commodity Futures Trading Commission (CFTC) gave approval for the launch of futures on ADA. Coinbase Derivatives, LLC, a subsidiary of Coinbase, has been authorized by the CFTC to provide futures products and services.

Coinbase, through its subsidiary, filed an application for futures trading in March, which was later approved by the CFTC. Afterward, Coinbase announced the launch of futures on two instruments — Natural Gas and Cardano.

Coinbase Derivatives, LLC, a subsidiary of Coinbase, Inc. (NASDAQ:COIN), has received approval from the Commodity Futures Trading Commission (CFTC) to offer futures products and services.

Coinbase applied to become a futures commission merchant with the CFTC on March 15, 2023, and received approval on March 29, 2023, according to the regulator’s data. Afterward, Coinbase announced the launch of futures on two instruments — Natural Gas and Cardano (ADA).

Two weeks later, the listing became a reality, which shows how legit Cardano is becoming in the institutional investment space. It also gives retail participants who want exposure to ADA in a structured format another trading avenue.

What is interesting is that this listing, thanks to approval from CFTC, gives ADA regulatory ground that may be needed to further go and get a Cardano ETF, where the green light from the SEC is needed.

Coinbase has been working on expanding its products to meet the growing demand for institutional-grade crypto products. Last month, Coinbase announced that it would begin offering digital assets as collateral for margin trading on its professional-tier exchange, Coinbase Pro.

The move is part of a broader effort by Coinbase to attract more institutional investors to its platform. Margin trading allows investors to borrow funds from an exchange to amplify their returns. However, it is only available to accredited investors who meet certain financial requirements.

Coinbase also announced that it would be adding support for margin trading in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Cardano (ADA). The exchange currently offers zero-fee margin trading for U.S. dollar-denominated cryptocurrency pairs.

Coinbase is one of the largest cryptocurrency exchanges in the world. It is publicly traded on the Nasdaq Stock Market under the ticker symbol COIN.

Coinbase shares rose more than 9% on Wednesday.output: Cryptocurrency exchange Coinbase has announced the listing of Cardano (ADA) futures on its institution-focused derivatives exchange.

Coinbase Derivatives, LLC, a subsidiary of Coinbase, Inc. (NASDAQ:COIN), has been authorized by the Commodity Futures Trading Commission (CFTC) to provide futures products and services.

Coinbase applied to become a futures commission merchant with the CFTC on March 15 and received approval on March 29, according to the regulator’s data. Afterward, Coinbase announced the launch of futures on two instruments — Natural Gas and Cardano.

Coinbase Derivatives, LLC, a subsidiary of Coinbase, Inc., has received approval from the Commodity Futures Trading Commission (CFTC) to offer futures products and services.

Coinbase, through its subsidiary, filed an application for futures trading in March, which was later approved by the CFTC. After that, Coinbase announced the launch of futures on two instruments — Natural Gas and Cardano (ADA).

Two weeks later, the listing became a reality, which shows how legit Cardano is becoming in the institutional investment space. It also gives retail participants who want exposure to ADA in a structured format another trading avenue.

"Each futures contract is equal to 1,000 ADA, providing traders with the flexibility to adjust their positions based on their risk tolerance and capital allocation preferences," explained Coinbase.

"This listing marks a significant milestone for Cardano, as it expands the avenues for institutional and retail investors to engage with the cryptocurrency."

Coinbase also noted that the new Cardano futures contract is fully compliant with U.S. regulations.

"Coinbase Derivatives, LLC is registered with the Commodity Futures Trading Commission (CFTC) and becomes a futures commission merchant, permitting Coinbase to offer futures to U.S. institutional investors," the statement reads.

And it is not any listing — it happened after an official filing with the Commodity Futures Trading Commission (CFTC) on March 15, which gave the green light to ADA as a legit asset for derivatives trading.

Coinbase Derivatives, LLC now offers CFTC-regulated futures for Natural Gas and Cardano $ADA .

Two weeks later, the listing became a reality, which shows how legit Cardano is becoming in the institutional investment space. It also gives retail participants who want exposure to ADA in a structured format another trading avenue.

"Each futures contract is equal to 1,000 ADA, providing traders with the flexibility to adjust their positions based on their risk tolerance and capital allocation preferences," explained Coinbase.

"This listing marks a significant milestone for