Important Development for Surprise Altcoin – Coinbase Files Application with CFTC

Coinbase Futures Trading Commission (CFTC) has filed with the U.S. Commodity Futures Trading Commission (CFTC) to approve futures contracts for commodities Natural Gas (NGS) and Cardano ($ADA), signaling an expansion in both the energy and cryptocurrency derivatives markets.

According to the company’s announcement, the new futures products are expected to go live on March 31. However, more details regarding their availability will be announced at a later date.

The company said in a statement:

“We are excited to announce that Coinbase Futures has filed with the CFTC to self-certify Natural Gas (NGS) futures and Cardano ($ADA) futures, expanding our offerings in both the energy and crypto derivatives markets. We anticipate launching these products on Monday, March 31st,” Coinbase said.

Another noteworthy development is that the company recently took action to tokenize its own stock. If this step is implemented, it will be a first.

*This is not investment advice.