Derivatives exchange Coinbase Derivatives has delayed the launch of Dogecoin (DOGE) futures contracts from April 1 to April 29. (Phoenix)
According to previous news, derivatives exchange Coinbase Derivatives plans to launch monthly cash-settled futures contract trading for Dogecoin, Litecoin and Bitcoin Cash on April 1.
Coinbase has issued three letters to the U.S. Commodity Futures Trading Commission (CFTC) on March 7 detailing the size, settlement method (utilizing Market Vector’s benchmark rate) and structure of three proposed futures contracts.
Coinbase is using the CFTC’s self-certification process to quickly list these futures contracts. The program allows exchanges to launch new products without waiting for direct approval from the CFTC, provided they confirm that the products comply with the Commodity Exchange Act and CFTC regulations.