Coinbase Is Seeking Regulatory Approval to Launch Cardano (ADA) and Natural Gas (NGS) Futures Contracts

Coinbase is seeking regulatory approval to launch Cardano (ADA) and Natural Gas (NGS) futures contracts—a move that would expand its offerings in the energy and crypto derivatives markets.

Coinbase is applying for regulatory approval to launch Cardano (ADA) and Natural Gas (NGS) futures contracts, expanding its offerings in both energy and crypto derivatives markets.

Coinbase Derivatives, a subsidiary focused on futures trading, said Friday it had submitted documentation to the Commodity Futures Trading Commission to self-certify futures for ADA, the native token of Cardano, and NGS futures.

“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,” Coinbase said in a statement.

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Coinbase’s filing is for self-certification of futures contracts, a process that allows an exchange to assert regulatory compliance and launch products quickly unless the CFTC intervenes.

If approved, these new futures contracts are expected to launch on March 31, the institution-focused crypto exchange said.

The move follows the recent addition of Solana (SOL) and Hedera (HBAR) futures to Coinbase’s lineup, and is part of the firm’s ongoing strategy to provide traders with access to both crypto and traditional futures trading on a single regulated platform.

Cardano is one of the most prominent blockchain platforms, known for its focus on scalability, sustainability, and security. With a dedicated ecosystem and increasing adoption of decentralized finance (DeFi), NFTs, and enterprise blockchain solutions, Cardano is a natural addition to Coinbase’s futures lineup.

The ADA futures would allow traders to gain exposure to Cardano’s price movements without needing to hold the cryptocurrency, facilitating advanced risk management and leveraged trading strategies.

Following Coinbase’s announcement, ADA rose around 2% to reach $0.744 by 07:45 ET (11:45 GMT).