Dogwifhat (WIF) Futures Listing on Coinbase International
Dogwifhat (WIF) Futures Listing on Coinbase International
Coinbase International and Coinbase Advanced will be offering perpetual futures trading of dogwifhat (WIF) to non-US customers this month.
According to a post by Coinbase International, the exchange will open access for users outside the US to perpetual futures of Solana-based memecoin dogwifhat (WIF) on April 25, 2024, at 9:30 UTC (16:30 WIB).
Coinbase International's efforts to launch a number of crypto perpetual futures offerings come a year after the exchange obtained regulatory approval to offer perpetual futures to customers outside the US in certain jurisdictions.
Coinbase Has Traded Dogecoin
The Commodity Futures Trading Commission (CFTC) has previously approved the Coinbase Derivatives Exchange proposal to trade futures contracts for Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC).
According to the official filing, this listing is scheduled to begin trading on or after April 1, 2024, following CFTC certification of the three contracts on March 7.
Conclusion
Coinbase International's decision to introduce perpetual futures trading for dogwifhat (WIF) represents a significant step in expanding its offerings to non-US customers. By opening access to Solana-based memecoin futures, Coinbase aims to cater to the growing demand for diversified trading options within the cryptocurrency market.
The postponement of the 1000PEPE-PERP launch highlights Coinbase's commitment to ensuring a robust and stable trading environment before the introduction of new derivatives products. This cautious approach underscores Coinbase's dedication to maintaining trust and reliability among its user base.
Furthermore, Coinbase's initiative to launch crypto perpetual futures offerings follows its regulatory approval to extend such services beyond the US borders, showcasing its adherence to compliance standards and commitment to global expansion.
With previous approval from the Commodity Futures Trading Commission (CFTC) for trading futures contracts of cryptocurrencies like Dogecoin, Bitcoin Cash, and Litecoin, Coinbase continues to demonstrate its leadership in the cryptocurrency derivatives market.
Overall, Coinbase's strategic moves to introduce new derivatives products and expand its global reach underscore its position as a leading cryptocurrency exchange dedicated to providing innovative and diversified trading solutions to its users worldwide.
*Disclaimer:
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