Coinbase Files for Natural Gas (NGS) Futures and Cardano ( $ADA ) Futures

Coinbase is a top-ranked crypto exchange in the US jurisdiction. The services of this crypto exchange are also available for non-US crypto investors via Coinbase International Exchange.

Coinbase exchange applied for Natural Gas (NGS) futures and Cardano ($ADA) futures to Commodities Futures & Trading Commission (CFTC) to expand its offerings in both energy and crypto derivatives markets.

"We're excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify Natural Gas (NGS) futures and Cardano ($ADA) futures—expanding our offerings in both energy and crypto derivatives markets. We anticipate going live with these products on Monday, March 24th. https://t.co/785aV9n7uI"

The crypto exchange is planning to get approval for these products by March 31, but the official listing of these products will be possible with some time gap.

Cardano founder Charles Hoskinson also responded to this news & shared his happiness on how products around $ADA coin now increasing.

Wow! Great to see Coinbase expanding its offerings to include Cardano futures. Fantastic news for the ADA community and a testament to the growing institutional interest in cryptoassets.

We're seeing an incredible demand for these types of products as institutions continue to seek out new…

— Charles Hoskinson (@chainalysis) March 15, 2025

This news around Cardano ($ADA) Cryptocurrency injected a significant level of confidence among the $ADA coin investors. Coinbase announced regarding Cardano-linked product pumped the token price by 5.63%, but later, the price retraced back.

The current trade price of $Ada coin is $0.73, net 3.37% high over the last 24 hours period.

On behalf of the current trade price pattern of the $ADA coin, a popular crypto analyst, Ali Chart, predicted that the coin has the potential to show a surge by 15% soon.

My analysis suggests that $ADA could be seen bouncing off the lower Fib at $0.70-$0.68, aiming for a 15% move to the upper Fib at $0.82-$0.83. It'll be interesting to see how this plays out! $crypto #altcoins #technicalanalysis

— Ali Chart (@__AliChart) March 14, 2025

Since 2023, Coinbase was struggling with legal attacks initiated by the United States Securities and Exchange Commission (SEC).Recently the SEC body officially declared that they ended the Coinbase case. Exchange’s CEO Brian Armstrong shared his happiness & said that his team will remain engaged to bring clarity to crypto rules.

In the absence of legal hurdles, Coinbase exchange slowly headed toward those crypto products that were closed under the pressure of the SEC body in the past.

Coinbase exchange was also planning to resume its crypto services in India. Just four days ago, this crypto exchange confirmed that it was registered with the Indian FIU unit & also clarified that Coinbase’s crypto services would resume soon for the Indian crypto investors.

The current trade price of Coinbase ($COIN) stock is $183 & this price level is 3.17% high over the last 24 hours of trading.