Two important news from Coinbase created excitement in the cryptocurrency market. The exchange announced plans to add Dogecoin, Litecoin and Bitcoin Cash to its futures platform. It also announced that it will list Ronin (RONIN), which was listed on Binance last month, on its platform. These developments aroused great interest among investors. Here are the details…
Coinbase to list Dogecoin and 2 altcoins in futures
Coinbase, the largest cryptocurrency exchange in the USA, stated in its silent application to the Commodity Futures Trading Commission (CFTC) on March 7 that it would list Dogecoin (DOGE), Litecoin (LTC) and Bitcoin Cash (BCH) on its futures trading platform. The exchange leveraged the CFTC’s self-certification system to get listed quickly and maintain compliance. If there is no objection from the CFTC, futures will begin trading on April 1.
Bloomberg senior ETF analyst James Seyffart stated that Coinbase specifically selected these 3 altcoins. He emphasized that each of them was created with a Bitcoin fork. Seyffart stated that this situation could add a different dimension to the “securities” discussions. In particular, he stated that it is a matter of curiosity whether the SEC will classify these cryptocurrencies as “securities futures”. Both the emergence of the application and the general positive atmosphere in the market brought increases of up to 20% for all 3 cryptocurrencies.
The stock exchange also announced a new listing
Meanwhile, Coinbase Assets announced a new listing in its announcement on March 20. cryptokoin.com As we reported, Ronin (RONIN), which was listed on Binance last month, announced that it would list it on the platform. In the announcement, it was emphasized that asset transfers can be made to the stock exchange via the Ronin network and that users should be careful about transfers from different networks.
Stating that RONIN will be opened for trading as of March 21, 21:00, if the liquidity conditions are met, Coinbase said that transactions will begin gradually in the RONIN-USD trading pair. RONIN started to rise with the listing news from Coibase and the increase in Bitcoin. According to market data, RONIN, which experienced a 20% increase from $ 3.16 during the day, finds buyers at $ 3.67 at the time of writing.
As a result, it was critical for Coinbase to add 3 altcoins to its futures platform. Additionally, the announcement of a new listing created excitement in the cryptocurrency market. It is a matter of curiosity how these developments will affect the market and how investors will react. It is particularly noteworthy that the coins he chose for futures transactions are Bitcoin forks. Because it has the potential to bring a new dimension to the securities debate. Time will tell what will happen in the future.
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